Deloitte & Touche LLP valued the Primorsk port at $2.2 billion

Deloitte & Touche LLP valued the Primorsk port on Russia’s Baltic Sea coast at $2.2 billion, Kommersant reported, citing Summa Kapital, which owns 50 percent of the complex. Summa Kapital commissioned Deloitte’s report to attract as much as $1.5 billion for the development of Primorsk’s oil terminals, the newspaper said Monday, citing Chairman Konstantin Koshkin. The port’s expansion will include building elevated rail links to handle 8.4 million metric tons of oil products a year, Kommersant reported, citing Koshkin. Summa Kapital plans to undertake the project with Gazprom Neft, which bought a stake in the complex this year, Kommersant said.