
Total
crude oil supplies by the Company in 2010, including deliveries for refining at
the Company’s own refineries and at third-party refineries, were 114 million
tonnes. Deliveries of oil to the domestic market were more efficient than most
non-CIS delivery export routes, so that substantial volumes of oil were
reallocated from less efficient export routes to Company refineries or to the
domestic market.
Crude oil
deliveries to the Group’s foreign refineries and to the ISAB and TRN
complexes
were 20.97
million tonnes
in 2010,
which
is 15%
more
than in 2009.
The increase was due to acquisition of a stake in TRN
in
September 2009.
LUKOIL
also delivered its oil to third-party refineries outside Russia in
2010,
but
the volume of such deliveries was much reduced in comparison with 2009 (by
97%
to 110,000
tonnes).
This
reduction was due to halting of deliveries to refineries in Belarus at the end of 2009,
after refining in Belarus became less
profitable.
In the third quarter of 2010 the Company began refining of crude oil at a third
party refinery in Kazakhstan.
Some
3.6
million tonnes of crude oil were sold on the domestic
market in 2010,
which is 22%
more
than in 2009.
The increase was a result of reallocation of crude oil volumes which were
previously refined at third party refineries in Russia and Belarus.
Crude oil exports
from Russia by LUKOIL
subsidiaries
(including
oil acquired from other producers)
were
40.59
million tonnes
in 2010 (815
th. barrels
per day),
which
is 3.4%
less
than in 2009.
Lower
exports were the result of lower output and also termination of deliveries to
Belarus
refineries.
Most
exports of crude oil in 2010 were via the Transneft pipeline system
(deliveries
via the system were 78%
of exports during the year),
but
Transneft deliveries declined by 4.3%
in the reporting year to 31.59
million tonnes.
The
volume of export deliveries by-passing the Transneft system
in
2010
was
9
million
tonnes,
unchanged
from 2009.
These
deliveries were valued on the basis of actual quality of the crude oil, at a
premium to the Urals price. (There is no oil quality bank in the Transneft
system, so crude oil of any quality supplied through this system is sold at the
price for Urals blend crude, making Urals blend the Company’s main export
commodity).
The Company exported
8.73 million tonnes of crude oil via its own transport terminals in 2010.
Exports through the Varandey terminal in 2010 were 7.5 million tonnes, and
exports through the port of Svetly were 1.2 million
tonnes.
Sales of
crude oil on the international market (exports
and oil produced outside Russia)
were
47.74
million tonnes
in 2010,
of
which 3.18
million tonnes
were sold in near-abroad countries and 44.56
million tonnes on other markets.
Total
sales of oil on Russian and international markets in 2010
were
51.38
million tonnes,
which
is 2.8%
more
than in 2009.
Crude
Oil Deliveries in depth:
LUKOIL Annual
Report
|