New oil terminal

Published: 1 August 2002 y., Thursday
Finnish and Russian environment officials concerned about shipping safety in narrow channel - construction already under way. The Russian oil giant Lukoil has started construction work on a new oil terminal on the island of Vysotsk (formerly known by the Finnish name Uuras) south of Vyborg (formerly Viipuri). Earth moving work is in full swing in the northeastern part of the Gulf of Finland. The new facility is to be built near the Primorsk oil terminal which started operations earlier this year. Lukoil hopes to build the Vysotsk terminal as quickly as possible. The goal is to have the first 70,000 tonne oil tankers leave the harbour already in September next year. The oil is to be transported to Vysotsk by train. Lukoil and the Russian Ministry of Transport agreed on Saturday that the Ministry would take measures to increase rail transport capacity between St. Petersburg and Vysotsk. The planned oil terminal would double the amount of oil being transported in the eastern Gulf of Finland, as the annual capacity of the new oil terminal would be about the same as that of the fist stage of the nearby Primorsk terminal - nearly ten million tonnes. Finland has not been officially informed by Russia about the beginning of the construction. At the beginning of July Environment Minister Jouni Backman made a written request for information on the harbour project on the Gulf of Finland, but no answer came. Prime Minister Paavo Lipponen has also demanded more information about the project. On Monday, the Prime Minister's summer holiday substitute, the Minister of Trade and Industry Sinikka Monkare, did not want to comment on the issue. "What can we do if they build oil terminals? We can only hope that they are built to be as safe as possible", Monkare said.
Šaltinis: herald.kz
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

FDI in Lithuania Grew by 5 % and Lithuania’s Investment Abroad Increased by 14 %

Statistics Lithuania has calculated that, based on provisional data, FDI in Lithuania in 2009 amounted by 5.3 % more than in 2008. Also, direct investment of Lithuanian enterprises abroad grew by 13.9 % in 2009. more »

Fish industry voices concern over foreign fish and falling prices

Concerns about foreign fish being sold in Europe and what to do about the future of Europe's fisheries industry were aired in a hearing held by the Fisheries Committee on 8 April. more »

Future of European agriculture - have your say

EU opens public debate on its agricultural policy, the prelude to a major reform in 2013. more »

Commission launches €35 million call for projects that turn environmental challenges into business opportunities

The European Commission today launched a €35 million call for eco-innovation projects to be funded under the Competitiveness and Innovation Programme. more »

Bank SNORAS group consolidates the activity of the Baltic investment companies

Bank SNORAS group company Finasta Holding recruits all funds management and investment companies of the group in the Baltic States. more »

European Central Bank and European Commission hold joint conference on "financial integration and stability: the legacy of the crisis"

The European Central Bank (ECB) and the European Commission are jointly holding a high-level conference on financial integration and stability at the ECB’s premises in Frankfurt am Main. more »

12 April 2010 - ECB signals a gradual recovery of the European financial integration process

Today, the European Central Bank (ECB) is publishing its fourth Report on Financial Integration in Europe, which notes the return towards integration in the European financial markets. more »

World Bank Group: Record US$100 Billion Response Lays Foundation for Recovery from Global Economic Crisis

World Bank Group financial commitments since July 2008, just before the full fury of the financial crisis hit, reached US$ 100 billion today as the institution helped countries respond to and recover from the global downturn. more »

IMF Executive Board Concludes 2010 Article IV Consultation with Serbia

On March 31, 2010, the Executive Board of the International Monetary Fund concluded the Article IV consultation with Serbia. more »

United Kingdom Contributes US$7.5 Million to Support IMF Technical Assistance in Statistics in Africa

The International Monetary Fund and the United Kingdom’s Department for International Development have launched a new project to improve macroeconomic statistics in 23 African countries. DFID will provide US$7.5 million over the next five years to support the project. more »