December 13, 2012 [Kommersant] - LLC Neftegazindustriya, which owns the Afipsky Oil Refinery, wants to build an oil export terminal with an estimated throughput capacity of 11 M tons per year in the port of Novorossiysk. The company intends to connect the terminal with the refinery via pipeline. Analysts estimate the cost of the project at $ 1 billion and believe it will be superfluous unless it will be supported by the state. In Novorossiysk two terminals for transshipment of oil products are already in operation and a new project is believed to be useless.
New Terminal Project in the port of Novorossiysk is Believed to be Superfluous
12.13.2012 - NEWS
