Ust-Luga Oil to build up its light oil products transshipment capacity by 2-4 million tonnes by 2022

Ust-Luga Oil terminal set to build up its annual capacity for transshipment of light oil products (petrol and nafta) by 2-4 million tonnes depending on the demand for transshipment of dark oil products, IAA PortNews correspondent cites Aleksey Radchenko, Deputy General Director for Production, Ust-Luga Oil, as saying at the 12th international Argus Russia and CIS Oil Products 2019 conference in Moscow.

According to him, modernization of the terminal is planned in view of that purpose. The designing works and 0btaining of expert approvals is to be completed in 2020 with construction works to begin in 2021 and completion scheduled for the end of 2021/QI’2022.

In 2019, transshipment of light oil products via the terminal is expected to grow by about 3%, year-on-year, to 11.5 million tonnes.

Aleksey Radchenko believes that Russia sees a trend towards reduction of dark oil products supplies and growth of petrol and nafta supplies due to modernization of refineries and the state policy.

Current annual capacity of Ust-Luga Oil is 30 million tonnes of oil products per year including 18 million tonnes of dark and 12 million tonnes of light oil products.

Ust-Luga Oil JSC owns and operates a terminal for transshipment of oil products in the port of Ust-Luga. It is Russia’s largest terminal transshipping oil products from railway transport to sea-going tankers. The terminal is designed to transship 30 million tonnes of products per year and to store 960,000 cbm of liquid cargo. Its facilities include four railway racks for simultaneous unloading of 526 tank cars. The terminal’s three berths have a total length of 1 km.