Europe, Middle East & Africa
Crude loadings in MED zone kept high and growing over the last three weeks, making October the month with the highest level of loadings in 2016. October MED-loadings reached 2700 kbd in average, a +400 kbd jump compared to the 2300 kbd year-to-date average. In particular, our data shows that CPC loadings increased over the last weeks, probably driven by Kashagan oil field start:
We have also seen new outlets for MED crude appearing :
- Kirkuk terminal has sent sent 3 Afras to Sweden since September. This is the first time in 2016 that Kirkuk is sending crude to Sweden. All of them delivered (or will deliver) at Preemraff terminal
- Suezmax Seadancer laoded at Marsa al Hariga on Sept-27 and discharged in Honolulu. Bill of lading confirmed a 800 kb cargo of Mesla / Sarir blend.
- Minerva Symphony loaded 600 kb in Zueitina on Oct-29 and sent Singapore as destination ETA Dec-11. This is the first Zueitina-Singapore shipment since the port resumed loadings.