Oil export of sea terminal DTC-Vysotsk “LUKOIL-II” up 26% in Q1 07
In January-March 2007, volume of oil export via sea terminal DTC-Vysotsk “LUKOIL-II” totaled 2288.993 thou tons (+26%, year-on-year). The company’s official statistics says export of heavy fuel oil totaled 673.273 thou tons (in January-March 2006 heavy fuel oil was not carried out). Export of vacuum gas-oil totaled 704.372 thou tons (-12.9%, year-on-year), diesel fuel – 911.348 thou tons (-9.5%).
In March 2007, the terminal exported 706.462 thou tons of oil products including 227.664 thou tons of heavy fuel oil, 215.210 thou tons of vacuum gas-oil, 263.588 thou tons of diesel fuel.
In 2006, export of oil products via DTC-Vysotsk “LUKOIL-II” amounted to 9 169.535 thou tons (+33%, year-on-year) including 1 213.047 thou tons of heavy fuel oil (in 2005 export of heavy fuel oil was not carried out). Export of vacuum gas-oil totaled 3 153.363 thou tons (+27.4%, year-on-year), diesel fuel – 4 803.126 thou tons (+77.8%).
The construction of Distribution-and-Transshipment Complex (DTC)- Vysotsk “LUKOIL-II" (Leningrad region, Gulf of Finland) of LUKOIL OJSC was finalized in September 2006 with commissioning of the project’s third stage. The first phase of DTC was opened in July 2004, the second one – in April 2005. This sea terminal with annual capacity of 12 million tons is designed for transshipment of all types of oil products as well as crude oil (the complex started transshipment of crude oil in the first year of its operation). Besides LUKOIL’s own cargo the complex transships exported fuel of TNK-ВР. Total capacity of the terminal’s tank farm totals 460 thou cubic meters. DTC has three discharge railroad overpasses for each type of oil products and a berth to accept river tankers with heavy fuel oil. The depth of marine access canal enables the terminal to accept larger tankers with capacity of 80-100 thou tons. Total volume of investments into the project amounted from the beginning of its implementation to $573 million. The construction of the terminal was carried out jointly with American engineering company Fluor Corporation, the credit for construction was granted by American private investment fund HBK Fund, the guarantors of the credit was US state agency Overseas Private Investment Corporation (OPIC) and Credit Swiss First Boston bank.
