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Russia Gets Creative in Oil Delivery

Multiple tanker method opens Western Europe to Siberian oil...

Russia Gets Creative in Oil Delivery

A giant, anchored tanker is to become the basis of a new oil terminal in Kola Bay. The Belokamenka tanker with a dead weight of 360,000 tons and previously known as the Verge Pioneer was chartered by Rosneft. It will be used as a floating oil storage terminal for shipping Russian crude to Western Europe.

The new shipping complex will be open year round. This scheme of delivering crude from Siberian fields has been successfully tried out at the first similar terminal in Kola Bay commissioned last year.

The deliver system begins with railway tankers that deliver crude oil to storage facilities at the port of Vitino in Kandalaksha Bay of the White Sea and in Arkhangelsk. From there, small tankers will take it to the new terminal. Ocean tankers with load capacity of 100,000 tons and more will take the Siberian oil from the terminal to deliver it to Western consumers.

The first shipment of petroleum products from the new terminal is planned for late February.


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