Rosneftbunker terminal plans to export 12.5m tons of fuel oil
The terminal of Rosneftbunker based at the port of Ust-Luga plans to transship 12.5 million tons of fuel oil this year, the terminal CEO Konstantin Hamlay said. The oil product is supplied from Kirishi refinery.
He said that the company slated for the end of the year the facility second phase start-up. The shareholders also consider the possibility of building the 4th overpass. Presently, the terminal berths can accommodate 300,000dwt tankers.
The terminal owned and constructed by Rosneftbunker (a business unit of the oil trader Gunvor) started operating in test mode on January 31, 2011, when the first 47,125DWT tanker docked at the terminal to be loaded with 44,000 tons of fuel oil. In 2011, the facility handled 6.47 million tons of oil. The overall project cost is valued roughly about RUB 26 billion.
Port of Ust-Luga is located on Russia’s border with the EU. Now, Rosmorport is implementing the port’s dredging project to deepen the harbor and a 3.7km approach canal to 17.5 meters. The port is expected to become the only Russian port on the Baltic Sea capable of accommodating 75,000dwt bulkers and 120,000dwt tankers.