Russia's OJSC Transneft is to start building an oil export port south of Vladivostok on the Russian Pacific coast.
Kozmino port will be the terminal for the Eastern Siberia-Pacific Ocean (ESPO) oil pipeline system.
The port, with a projected capacity of up to 30 million metric tonnes (mt) of oil per year, will be built at Kozmino Bay, southeast of Vladivostok near the city of Nakhodka (Primorsky Territory). Work is due to start this month.
With the feasibility study of the terminal completed and public hearings of the project held, the construction work of the moorage wharf in Kozmino can be started in March, said Transneft president Nikolai Tokarev at a meeting with Primorsky state authorities.
He said Kozmino port would cost up to $1.8 billion to build.
Tokarev said that the new terminal would have two tanker berths with a deadweight capacity of up to 80,000 tonnes (first phase) and up to 150,000 tonnes (second phase). He was speaking while presenting plans for the oil pipeline's second section.
The terminal's first phase will have capacity to handle some 300 tankers per year with the second phase boosting capacity to 500 calls per year.
March is also scheduled to see construction on the second stage of the oil pipeline (ESPO-II) from Skovorodino (Amur region) to Kozmino port (Primorsky Territory).
The ESPO oil pipeline project is to move oil from Siberian oil fields to Asian Pacific markets.
First stage development includes construction of the Taishet (Irkutsk region)-Skovorodino section of the pipeline and construction of oil terminal facilities in Kozmino.
The construction of this first leg of the pipeline is planned to be completed at the end of 2009.
Currently, oil moving from Skovorodino to Kozmino and the Pacific Ocean is carried by rail, while the project's second stage will construct the Skovorodino-Kozmino section of the oil pipeline.
The decision early last year to build oil terminal facilities at Kozmino came after a two-year battle with environmental concerns over the original option of Perevoznaya Bay.
“Location of the terminal in Kozmino is determined by the fact that it is an unopened bay and it is located distantly from nature reserves and nature parks,” said a project representative then.
Kozmino port will be the terminal for the Eastern Siberia-Pacific Ocean (ESPO) oil pipeline system.
The port, with a projected capacity of up to 30 million metric tonnes (mt) of oil per year, will be built at Kozmino Bay, southeast of Vladivostok near the city of Nakhodka (Primorsky Territory). Work is due to start this month.
With the feasibility study of the terminal completed and public hearings of the project held, the construction work of the moorage wharf in Kozmino can be started in March, said Transneft president Nikolai Tokarev at a meeting with Primorsky state authorities.
He said Kozmino port would cost up to $1.8 billion to build.
Tokarev said that the new terminal would have two tanker berths with a deadweight capacity of up to 80,000 tonnes (first phase) and up to 150,000 tonnes (second phase). He was speaking while presenting plans for the oil pipeline's second section.
The terminal's first phase will have capacity to handle some 300 tankers per year with the second phase boosting capacity to 500 calls per year.
March is also scheduled to see construction on the second stage of the oil pipeline (ESPO-II) from Skovorodino (Amur region) to Kozmino port (Primorsky Territory).
The ESPO oil pipeline project is to move oil from Siberian oil fields to Asian Pacific markets.
First stage development includes construction of the Taishet (Irkutsk region)-Skovorodino section of the pipeline and construction of oil terminal facilities in Kozmino.
The construction of this first leg of the pipeline is planned to be completed at the end of 2009.
Currently, oil moving from Skovorodino to Kozmino and the Pacific Ocean is carried by rail, while the project's second stage will construct the Skovorodino-Kozmino section of the oil pipeline.
The decision early last year to build oil terminal facilities at Kozmino came after a two-year battle with environmental concerns over the original option of Perevoznaya Bay.
“Location of the terminal in Kozmino is determined by the fact that it is an unopened bay and it is located distantly from nature reserves and nature parks,” said a project representative then.