Russia to Launch New Baltic Oil Terminal in November
09.29.2011 - NEWS

September 29, 2011 [Reuters] - Russia will start oil loadings at a new Baltic port of Ust-Luga in mid-November as it tries to bypass transit countries such as Belarus, industry sources told Reuters on Thursday.


The sources also said that the first tanker with oil from Russia’s top crude producer Rosneft will be loaded on Nov.15.

Spokesman for Transneft, Russian oil pipeline operator, said that dredging works at the port is the main obstacle for the launch.

“Once the dredging works are over, Ust-Luga will be launched,” he said adding that the pipeline leading to the port has already been filled with oil.  

Australia's Woodside Energy Makes Liz Westcott Its Permanent CEO
03.23.2026 - NEWS
March 23, 2026 [Reuters]- Australia’s Woodside Energy on Wednesday named Liz ​Westcott as... Read More
US Lends Oil Companies 45.2 Mln Barrels from Reserve, First Batch of Iran War
03.23.2026 - NEWS
March 23, 2026 [Reuters]- The Trump administration said on Friday it ​has lent 45.2 million bar... Read More
China's Sinopec Posts 36.8% Drop in 2025 Net Profit on Weak Petrochemical Margins, New Energy Substitution
03.23.2026 - NEWS
March 23, 2026 [Reuters]- China Petroleum & Chemical Corp , known as Sinopec, reported a 36.8... Read More
Saudi Aramco Cuts Oil Supply to Asia for Second Month in April
03.23.2026 - NEWS
March 23, 2026 [Reuters]- Saudi Aramco, the world’s top oil exporter, has cut crude supply ... Read More