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New owner of Vitino terminal

The Vitino terminal (vitino.ru)

The Rusneftekhim oil trading company has bought the Vitino oil terminal on the White Sea coast.

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The takeover price for the terminal is estimated to between 40-60 million USD, Portnews.ru reports with reference to Reuters and Rbc.ru. Vitino primarily handles oil shipped by Lukoil and Gazprom Neft, as well as gas condensate from the NOVATEK company Vitino in 2008 handled 3,7 million tons of oil products and condensate, as well as 0,7 million tons of oil. That was down from 3,9 million tons in 2007. The first months of 2009 indicated an increase in 2009 oil reloading.