Ceremonial launch of oil products pipeline Kstovo (Vtorovo)-Yaroslavl-Kirishi-Primorsk (“Sever” project) and Primorsk terminal will be held in the Leningrad region on May 14. It is expected that the new line for transportation of light oil products will make it possible to decrease the transportation costs. At the present time, a significant share of Russia’s export of light oil products is conducted through the Ventspils sea port. The lack of own export pipelines in Russia leads to annual losses of the budget in the amount of $200 million associated with the transit of oil products through the Baltic States
2008 May 8
“Northern” way for oil products
Ceremonial launch of oil products pipeline Kstovo (Vtorovo)-Yaroslavl-Kirishi-Primorsk (“Sever” project) and Primorsk terminal will be held in the Leningrad region on May 14. It is expected that the new line for transportation of light oil products will make it possible to decrease the transportation costs. At the present time, a significant share of Russia’s export of light oil products is conducted through the Ventspils sea port. The lack of own export pipelines in Russia leads to annual losses of the budget in the amount of $200 million associated with the transit of oil products through the Baltic States