Due to the conflict between Russia and Ukraine, the Black Sea has gained relevance, since it is an important area for the movement of basic products, As the steel and agricultural products, at the crossroads of Europe and Asia.
Crude and refined petroleum products Russia, Azerbaijan and Kazakhstan pass through export terminals on the eastern edge of the sea. In the west are countries that rely on ships carrying crude oil to meet their energy needs.
Oil Exports
Crude is exported from three major terminals along the eastern Black Sea coast in Russia and Georgia.
Most of the fuel does not originate in Russia, but comes from further afield. Kazakhstan’s exporters therefore have the most to lose from any disruption to tanker traffic.
A small proportion of Azerbaijan’s crude exports, averaging around 1.5 million barrels a month and mostly loaded at Supsa, are shipped to Ukraine.
About 200,000 barrels per day move from east to west through the Black Sea and are brought to Romania and Bulgaria.
refined products
Refined petroleum products are also exported from terminals along the eastern Black Sea coast.
Russia also operates a number of smaller oil products terminals further north, including Taman and Kavkaz, both located near the Kerch Strait, which links the Black Sea with the Sea of Azov.
Farm products
Ukraine and Russia account for more than a quarter of world wheat exports, nearly a fifth of corn trade, and most of sunflower oil.
Ukraine’s southwestern ports of Odessa, Pivdennyi, Mykolayiv and Chornomorsk handle nearly 80% of its grain exports, according to researcher UkrAgroConsult.
With information from Bloomberg
Source: Larepublica
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