"I expect that Transneft will open its terminal in December 2011," Mr. Sechin said.
Transneft JSC is implementing a project for building the second phase of the Baltic Pipeline System stretching from Unecha to the port of Ust-Luga in the Leningrad region with a spur line connected to Kirishi refinery. The construction of the pipeline began in June 2009. The project includes the construction of the 1,170-km pipeline (998 km, project’s Phase 1), 6 pumping stations (PS), reconstruction of the existing oil pumping stations Unecha and Andreapol. The BPS’s Phase 1 capacity will be 30 million tons, of Phase 2 up to 50 million tons of crude oil.