LUKOIL OJSC plans to invest $250 million into construction of the forth phase of Vysotsk distribution and transshipment complex (Leningrad region). According to PortNews IAA correspondent, it was announced Wednesday by Vagit Alekpyorov, head of LUKOIL OJSC. The terms of the construction has not been specified yet.
The first phase with a capacity of 4.7 million tons was put into operation in June 2004. In April, 2005, introduction of the second phase of oil terminal increased transshipment volume to 7 million tons. Total volume of investments into the project amounts to $500 million.