OREANDA-NEWS. The authorities of the Republic of Crimea expect to receive about 650 million rubles by the end of 2019 from the sale of the oil terminal in Feodosia. This was reported to the Russian media by the Minister of Property and Land Relations of the region Anna Anyukhina.

The Council of Ministers of Crimea on July 9, 2019 agreed on the state-owned enterprise Chernomorneftegaz to sell the Sea Oil Terminal facility for the storage and transshipment of oil and oil products in Feodosia with a statutory fund of 769.7 million rubles. On October 23, the State Council of the Republic introduced the oil terminal in Feodosia to the forecast privatization plan for 2019. A stock auction was set for December 12th.

“Bidding for the sale of the oil terminal in Feodosia will take place before the end of the year and funds must be paid. We are waiting for applications, there are no fears. We expect to receive about 650 million rubles from the sale of the oil terminal”, Anyukhina said. The head of the Crimea, Sergei Aksenov, previously said that three major Russian oil traders became interested in the possibility of buying an oil terminal in Feodosia without revealing their names.