The Declaration of Intent on location of oil tank farm in Ust-Luga port (Kingisepp municipal district of the Leningrad region) has been recently considered by the Interagency Committee on economics of location. The Committee has approved the location having considered the Declaration.
The project was ordered by MN Druzhba PJSC. The Declaration has been developed for BPS-II facility “Oil Tank Farm Ust-Luga” which is to handle 30 million tonnes per year at its first phase and 38 million tonnes when it is fully developed.
Oil tank farm will be dedicated for taking oil from BPL-II trunk line, its storage and transshipment to 100,000-dwt oil tankers.
The facility is to be located on the eastern shore of the Luga Bay (Gulf of Finland), northwards from the Khabalovka river. The volume of investments is not disclosed.