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Oil shipping gives growth for Northwest Russian ports

The sea ports in Northwest Russia in the first half of the year had a total growth in turnover of 2,1 percent. That is thanks to the bigger amounts of oil shipped in the region.

Location

While ports like Arkhangelsk and Kaliningrad had a downturn in turnover of respectively 36,9 and 24,8 percent in the period, the ports of Murmansk, Kandalaksha, Ust-Luga and Primorsk had major growth, Regnum reports.

That is thanks to oil shipments. Lukoil’s new Varandey oil terminal in the Pechora Sea has since it started operations last fall boosted exports. That has lead to increased turnover also in Murmansk, the place where the oil is reloaded into bigger tankers.

As BarentsObserver reported, a new report from Akvaplan-Niva and the Norwegian Barents Secretariat estimated that a total of 15 million tons of oil will be shipped through the Barents Sea this year. That is an increase of three million tons from 2008.