A 30,000 barrel-per-day Russian oil terminal on the Baltic Sea will resume oil and product shipments by early October, a company official said on Friday.
The Baltic Oil Shipping Company (BNK) halted refined product shipments at the Vostochny border point near the port of Kaliningrad in early July after the frontier crossing was handed to the defence ministry from the transport ministry.
As a result the terminal complex lost its status as a special immigration zone and the border point was closed.
But he said the defence ministry was interested in solving the problem quickly as it was a useful source of funds.
The official said the three idle months would mean that the port would fail to deliver about 360,000 tonnes (29,000 barrels per day) of oil and products to European markets. The company planned to export up to two million tonnes of oil and products this year and up to three million next year.
BNK's terminal at Baltiisk exports cargoes for BP's Russian joint venture TNK-BP, and is owned by Swiss-based trading house Vitol.
Comments
Comments are closed.