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2010 July 13   09:46

LUKOIL to boost Vysotsk exports in July

Russia's LUKOIL  plans to increase oil products exports from its Baltic Sea terminal of Vysotsk in July to meet growing demand on the European market, an industry source said on Monday.
The source said LUKOIL, Russia's second-biggest oil producer after Rosneft (ROSN.MM), plans to boost shipments to 1.145 million tonnes this month after they fell to 980,500 tonnes in June from 1.17 million tonnes in May.
LUKOIL, in which U.S. oil giant ConocoPhillips  has a 20 percent stake, processes more than 35 million tonnes of crude oil per year at its four domestic refineries.
Vysotsk, which is supplied by rail, gets around 600,000 tonnes of fuel oil every year by small river tankers during summer navigation lasting from May to November.
These volumes are transported from LUKOIL's Volga region refineries to Baltic sea via the Volgobalt system of canals and the river of Neva.
"The outlet will get 80,000 tonnes of fuel oil via river in July after 94,400 tonnes in June from LUKOIL's refineries on Volga," the source said.
Following are details of Vysotsk's oil products exports. Forecasts and results were given by the industry source (in thousands of tonnes):
                    May         June     July (forecast)
 Vacuum gas          331,500     317,000        320,000
 Diesel              452,800     368,000        410,000
 Fuel oil            385,000     295,500        415,000
 Total             1,169,300     980,500      1,145,000

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