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

Bankers have lost their friends in Davos - EP vice-president

Reform of the banking system was one of the key themes at this year's World Economic Forum in Davos, with bankers coming in for a lot of criticism. more »

Support small firms while tackling the crisis, say MEPs and experts

Small firms have been hard hit by the economic crisis, and so must be given incentives and support, including easier access to credit, help with innovation, tax breaks and less red tape, MEPs on Parliament's Special Committee on the Financial, Economic and Social Crisis (CRIS), and experts agreed at a workshop on Monday. more »

Reopening of trade negotiations between the EU and Central America within sight

The elections and investiture of Porfirio Lobo as President of Honduras have cleared the way for the EU to restore normal relations with the Central American country and negotiations for signing a bi-regional Association Agreement may soon resume. more »

European Globalisation Fund set to help workers in the furniture manufacturing and clothing industries in Lithuania

The European Commission has approved applications from Lithuania for assistance under the European Globalisation Adjustment Fund (EGF). more »

State aid: Commission takes Italy to Court for failure to recover illegal aid from hotels in Sardinia

The European Commission has decided to refer Italy to the European Court of Justice (ECJ) on the basis of Article 108(2) of the Treaty on the Functioning of the European Union (TFEU) for failing to comply with a Commission decision of July 2008. more »

EBRD’s first investment in deposit insurance entity

The EBRD is helping to strengthen the financial sector in Bosnia-Herzegovina (BiH) with a €50 million credit line to the Deposit Insurance Agency of Bosnia and Herzegovina (DIA), the Bank’s first investment in a deposit insurance entity. more »

EBRD’s first investment in gas sector in Bosnia and Herzegovina

In its first investment in the natural resources sector in Bosnia and Herzegovina, the EBRD is providing a €17 million sovereign loan to finance the gasification of the Central Bosnia Canton. more »

EBRD supports private businesses in Armenia

The EBRD is increasing the availability of financing to private businesses in Armenia with a $5 million credit line and a $3 million trade finance facility to ArmSwissBank for small and medium companies (SMEs). more »

European Commission: Lithuania Has Taken Effective Action

On January 27 the European Commission assessed the action taken by Lithuania, Malta, Latvia and Hungary in response to recommendations proposed by the Commission and endorsed by the Council in July 2009 in respect to the correction of their respective budget deficits. more »

Lithuania’s GDP Growth Largest in EU in Q3

EUROSTAT announced that Lithuania’s GDP rose by 6.1 % in the 3rd quarter of 2009 versus the previous quarter. more »