Russia resumes oil exports from Pacific port

MOSCOW: Russia's Pacific oil terminal of Kozmino said on Wednesday it has resumed exports of ESPO blend crude oil after a two-day storm ended.

The port said that China-bound tanker Hydro is being prepared for oil loadings.

It also said November ESPO oil exports fell to 1.8 million tonnes (13 million barrels), while in December they are set to rise to 1.9 million tonnes.

Exports of ESPO crude from Kozmino will rise by 10 percent in the first quarter of 2014 as Russia boosts oil supplies to China, according to a preliminary schedule.