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Crude loadings to restart in flooded Russia port

Published Updated

u1 44MOSCOW: Operations were returning to normal in the Russian Black Sea port of Novorossiisk on Sunday after a sudden flood that forced the major export outlet for oil and wheat to suspend loadings, a spokesman for the port operator and export pipeline said.

"Things have stabilised compared to yesterday," Mikhail Sidorov, spokesman for Novorossiisk Commercial Sea Port , adding that disruptions to rail traffic had cut cargo flows but the port was loading goods on hand.

It was unclear whether grain was loading on schedule but a resumption of crude oil loadings was imminent.

Igor Dyomin, a spokesman for the Transneft pipeline monopoly, said crude oil would be loaded in the coming hours onto a 100,000-tonne tanker which was docked in Novorossiisk.

A second tanker was due to dock later in the day and five more were on roads outside Novorossiisk, he said by telephone.

Copyright Reuters, 2012

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