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

Statement at the Conclusion of an IMF Staff Mission to Chad

The mission held constructive discussions with Prime Minister Emmanuel Nadingar, Finance Minister Gata Ngoulou, Infrastructure Minister Adoum Younousmi, and other senior officials. more »

EBRD helps improve quality of electricity supply in South Caucasus

The EBRD is helping to improve the quality of power supply and stimulate renewable sources of energy in the Caucasus with an €80 million sovereign loan to Georgia for the construction of a new high voltage transmission line - the Black Sea High Voltage line, which will interconnect Georgia and Turkey. more »

New railway bypass in Tbilisi

The EBRD is helping to improve the infrastructure of the Georgian capital, Tbilisi, with a €100 million loan for the construction of a new railway route bypassing the city. more »

"Notre Europe" chair Tommaso Padoa-Schioppa on the euro

One of the men considered to be the founding fathers of the euro currency met MEPs on the Foreign Affairs Committee Tuesday (16 March) to talk about transatlantic relations. more »

Commission consults stakeholders over trade policy towards developing countries

European Trade Commissioner Karel De Gucht today opened a conference focused on the European Union's trade policy towards developing countries. more »

Results Profile: Mexico Finance

At the beginning of the 2000s, state ownership in financial intermediation in Mexico accounted for about 20 percent of the total credit of the banking system, provided through development financial institutions and funds. more »

European Enterprise Awards 2010 – 12 nominees shortlisted

Halving the number of business failures by offering individual support, doubling the number of young people who want to start their own business or raising by 500% the number of enterprising new cooperatives are just some of the projects nominated for the European Enterprise Awards 2010. more »

Companies are invited to apply for Marco Polo funding to fight road congestion and make freight transport greener

The European Commission has published the fourth call for proposals for the creation and upgrade of freight transport services under the second Marco Polo programme. more »

15 March 2010 - ECB announces EU-funded cooperation programme with the Central Bank of Bosnia and Herzegovina

The European Central Bank (ECB) today announced a programme of technical cooperation with the Central Bank of Bosnia and Herzegovina, in collaboration with a number of euro area national central banks (NCBs). more »

Commission pays €1 billion in Balance of Payments support to Romania

The EU disbursed today €1 billion to Romania, the second instalment of a €5 billion loan, which was agreed in May 2009 as part of a multilateral financial assistance package. more »