Russian Crude Exports via Kozmino Terminal up 3.6%
OREANDA-NEWS. September 15, 2011. The volume of Russian crude oil exported through the terminal of Spetsmornefteport Kozmino LLC (Primorsky Territory) in January-August 2011 grew by 3.6% year-on-year, to 10.19 million tons, the Vostochny Port Authority said.
In August, shipments of crude oil increased by 8.1% to 1.4 million tons.
Spetsmornefteport Kozmino LLC (Special Oil Port of Kozmino, Primorsky Territory), a subsidiary of Transneft JSC, started operating in late 2009. Kozmino Oil Terminal is the terminus of the ESPO Oil Pipeline (Eastern Siberia-Pacific Ocean). While the ESPO project is under construction the crude oil is being delivered to the terminal by the railroad.
Kozmino Oil Terminal's capacity is 15 million tons of crude oil a year, expandable to 30m t/y. The first export oil cargo was shipped from the terminal on Dec. 28, 2009. Russian oil exports through Kozmino in 2010 totaled 15.34 million tons. The main consumers of the commodity are in the Asia-Pacific region.
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