The present Ust-Luga bunker complex (ULBC) is to be expanded by Transneft to receive and load up to 38 million tonnes of crude oil per annum from the Baltic Pipeline System-2 (BPS-2), a new network which Transneft started building in June this year. The project is expected to be completed by December 2013. Tanker loading will commence in Q3 2012, Transneft says.
Gunvor remained the owner of another oil product terminal under construction in Ust-Luga, Liquid Bulk Cargo Complex. It will load petroleum products supplied by the nearby Kirishi refinery, whose feedstock will also come from the BPS-2.
Transneft buys Baltic oil terminal from Gunvor‎
09.11.2009 - NEWS
Gunvor, the Russian oil trader controlled by Gennady Timchenko, has sold Ust-Luga bunker complex (ULBC) under construction in the Russian Baltic Sea port of Ust-Luga, to Russia's state pipeline company Transneft.
