Shipments of crude oil through Varandey Oil Terminal in January-October 2012 plummeted by 33.8% year-on-year from last year’s numbers, to 2.31 million tons, the Arkhangelsk Port Authority said.
In October, Russia exported through the offshore facility 421,400 tons of oil, which is 1.5 times more than in October last year.
Varandey Oil Export Terminal was constructed for exports of oil extracted by LUKOIL in Timan-Pechora oil and gas province. In 2008, crude shipments through the terminal totaled 1.7 mln tons, in 2009 - 7.5 mln tons, in 2010 - 7.44 mln tons. Last year, LUKOIL exported through the facility 3.91 million tons of crude oil.
The fixed offshore ice resistant oil export terminal (FOIROT) comprises the following facilities: onshore tank farm with the total rated capacity of 325,000 cubic meters; fixed offshore ice resistant oil terminal located 22 km offshore; two underwater pipelines, 820 mm in diameter, connecting the onshore tank battery and the FOIROT, other production facilities.
The oil cargo is transported by 20,000dwt shuttle tankers to the Murmansk-based FSO Belokamenka for further transshipment onto large-tonnage tankers.
The Varandey project was implemented by LUKOIL jointly with ConocoPhillips. The commodity is exported mainly to the U.S. and Canada market.
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