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2012 November 19   13:43

Kozmino sees 1.6% gain in 10M crude exports

Russia’s crude oil shipments through the terminal of Spetsmornefteport Kozmino (Port Vostochny) in January-October 2012 rose 1.6% year-on-year to 12.9 million tons, the Vostochny Port Authority said.

In October, crude oil exports through the terminal totaled 1.29 million tons, a 8.3% gain from last year’s figure.

Spetsmornefteport Kozmino LLC (Special Oil Port of Kozmino, Primorsky Territory), a subsidiary of Transneft JSC, started operating in late 2009. Kozmino Oil Terminal is the terminus of the ESPO Oil Pipeline (Eastern Siberia-Pacific Ocean). While the ESPO project is under construction the crude oil is being delivered to the terminal by the railroad. Kozmino Oil Terminal capacity is 15 million tons of crude oil (ESPO brand) a year, expandable to 30m t/y. The first export oil cargo was shipped from the terminal on Dec. 28, 2009. Russian oil exports through Kozmino in 2011 totaled 15.19 million tons. The commodity is exported primarily to the Asia-Pacific region.

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