Exports of oil products via Ust-Luga Oil to surge by 27% to 21.4 mln t in 2014

This year, exports of Russian oil products via Ust-Luga Oil terminal (earlier known as Rosneftbunker terminal, port Ust-Luga, Leningrad region) will surge by 27% against 2013 to 21.4 mln t, IAA PortNews reporter cites Konstantin Khamlai, Director General of the terminal, as telling the journalists.

“Transshipment will be boosted with the optimization of cargo handling process as well as with the improved internal logistics, - Konstantin Khamlai explained. – This will be directly reflected in the company’s financial results. According to the forecast, EBITDA will hit RUB 6 bln 664.3 mln in 2014 against RUB 5 bln 738.3 mln 2013».

The Director General also said that the personnel of Ust-Luga Oil would be increased from 600 to 629 persons by the end of the current year.