Britain-based company Baltic Oil Terminal (BOT) plans to raise monthly unloading capacity of the terminal of Rosbunker CJSC to 60,000 tonnes by the end of 2007, BOT reports according to AK&M. Besides, in 2008, the company is to expand the terminal currently capable of simultaneous handling of 2 vessels.
Earlier, BOT signed an agreement on purchase of a 25% share of oil transshipment company Rosbunker for $9 million. It is planned that 50% of Rosbunker stock will be owned by Russia’s largest coal exporter Kuzbassrazrezugol via Krutrade AG.
Baltic Oil Terminal was founded in 2004 for investments into oil transportation project as well as into projects on oil production in former USSR countries. BOT’s major asset is a 58.35-percent share in Tetoil implementing construction of an oil terminal in Kalinigrad.