The Company is monitoring the economic effectiveness of crude channels on an ongoing basis, as a result, in 2018 the share of high margin channels increased to 25% of the total volume of crude (vs. 18.9% in 2017).
In 2018, the Company supplied 5 mln tons of crude oil to the company-owned refineries in Russia, an 9% growth over 2017 supplies (3.8 mln tons).
In addition to crude oil supplies to its own refineries in Russia, in 2018 the Company supplied 2.5 mln tons of equity crude to Fujairah refineries in UAE, refineries was driven by a decision to substitute equity crude with purchased crude while redirecting the equity crude to other export channels.
Petroleum products manufactured at major Refineries were exported, sold domestically through the Company’s retail network, and supplied to the markets of Belarus and China, Panama, Venezuela, Mexico, Texas, Taiwan, Singapore, Libya, UAE, Egypt.
The largest part of Progressive export volumes are shipped via Progressive Logistic facilities, including the trunk pipeline network and the ports. In 2017, most often preferred routes of crude oil supply were: