The contract between RosNeftBunker "and Electronmash CJSC for power supply facilities was signed in late 2009.
Port of Ust-Luga liquid bulk cargo complex was intended for export of crude oil and marine fuel. Ust-Luga shipment chain includes transportation of petroleum products to the terminal by railroad, off-loading from railcars, temporary storage and further loading of crude oil on tankers. The terminal full output is of 30 million tons of fuel oil and light oil products a year. So far the terminal completion schedule has not yet been set.
The total project cost is about 26 billion rubles involving VneshEkonomBank’s line of credit. RosNeftBunker is a firm associated with Gunvor oil trader.