LUKoil Raises Shipments to Its Stations in US

Russia?s largest oil firm LUKoil opened a terminal in Vysotsk, on the Baltic coast in order to cut costs, in circumstances where the company is raising the volume of shipments to its network of more than 2,000 U.S. filling stations.
The port at Vysotsk is anticipated to export 4.7 million tons annualy, and its capacity will expand to 12 million tons at a later date. The state-owned oil pipeline firm Transneft urged the government to place Vysotsk under state management.
Oil companies are seeking ways to boost exports after four years of surging output strained the capacity of Transneft's network. Vysotsk will ship oil delivered to the port by rail.
LUKoil supposes that Vysotsk terminal will allow them to ship oil products to LUKoil?s filling stations in the U.S.
Transneft has proposed to the government that LUKoil's port at Vysotsk should be run by Transnefteprodukt, that is to its operator., but LUKoil CEO Vagit Alekperov opposes the proposal.