Page 102 - RusRPTDec22

revenues from the oil trade dropping to the lowest since early January.
On a four-week average basis, overall seaborne exports edged lower for a second week to average of 3.07 million barrels a day. Flows remained above 3 million barrels a day for a sixth week. Shipments to Asia hit a new high, while those to Europe continued to move in the opposite direction.
All figures exclude cargoes identified as Kazakhstan’s KEBCO grade. These are shipments made by KazTransoil JSC that transit Russia for export through Ust-Luga and Novorossiysk.
The Kazakh barrels are blended with crude of Russian origin to create a uniform export grade. Since the invasion of Ukraine by Russia, Kazakhstan has rebranded its cargoes to distinguish them from those shipped by Russian companies. Transit crude is specifically exempted from the EU sanctions.
102 RUSSIA Country Report December 2022 www.intellinews.com