Zarubezhneft OJSC will start oil complex at Ust-Luga port (Leningrad region) in 2009. In 2010 the complex will reach its planned turnover of 5.5 million tons per year, Igor Rusu, Director General of Ust-Luga OJSC, told at the press conference Friday. According to Rusu, Zarubezhneft has come to preliminary agreements with Russian oil producing companies as regards loading of the terminal.
Total investments into the port will amount to $150 million. Within the framework of the project bunker terminal is planned to be built in order to cover the port’s needs. The terminal’s capacity is to be 0.5 million tons of oil products per year.
Zarubezhneft OJSC is one of the leading foreign trade companies of oil and gas industry of Russia. The company develops and implements integrated programs and projects in foreign countries covering all the stages from research to development of oil fields.