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Source: Russian court lifts suspension of Transneft Black Sea oil berth

An industry source said that a Russian court reversed on Monday the decision of a regulator to stop the operation of a Transneft-controlled oil berth in the Black Sea port Novorossiisk.

Transneft announced last week that it had suspended the mooring no. 8 at Novorossiisk, for 90 days following a quick inspection by a transportation watchdog.

The Novorossiisk Commercial Sea Port is one of Russia’s biggest export outlets. Closing one mooring will not have a significant impact on its operations.

Sources claim that the port was fined $2,322 for non-specific irregularities. Transneft didn't respond to a comment request.

Last week, a source in the industry said that this berth was used for small vessels up to 10,000 tonnes of oil products.

A Russian court last week ruled against the suspension of two berths in Novorossiisk, which are part of the Black Sea export terminals for Caspian Pipeline Consortium (CPC). The Caspian Pipeline Consortium uses these berths, supported by Western stakeholders, to export oil from Kazakhstan. $1 = 86.1455 Roubles (Reporting and writing by Olesya Astakhova; editing by Alexandra Hudson).

(source: Reuters)