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Petersburg oil terminal in 2020 increased shipments of oil products by 16.6%

Petersburg Oil Terminal’s (POT) share in transshipment of oil products via Big Port St. Petersburg rose from 79.9% to 80.4% in 2020.

Petersburg oil terminal in 2020 increased shipments of oil products by 16.6%

St. Petersburg, Januayr 26 - Neftegaz.RU. Petersburg Oil Terminal (POT) has summarized the results of 2020, the year when the oil market and the global economy faced a worldwide crisis.
Despite all the challenges, the terminal managed to increase its throughput by by 16.6%, to 9.2 million tonnes, POT says in a press release.

Dark oil products (mainly fuel oil) make the bulk of the throughput – 5.6 million tonnes, up 14%, year-on-year.
Handling of light oil products (kerosene and diesel fuel) totaled 3.5 million tonnes, 22% more than in the previous year.

Most of oil products were delivered by railway (84.8%).
The share of deliveries by river decreased by 3.4% to 4.6% of the total volume while road transport delivered 10.6% of all oil products.

Mikhail Skigin, CEO of POT, said:
  • It was the 2nd half of the year that show the highest growth, it should be mainly attributed to warm winter of 2019-2020 when Russian terminals on the Baltic Sea could boost their shipments
  • Most of the 2020 year we were in the dark but cooperation with Russian Railways and active work of its management helped optimize the inbound and outbound logistics
  • Unfortunately, the year of 2021 does not inspire a lot of confidence so far with everybody’s moral readiness for the crisis being the only positive factor
  • The pandemic is still on the rise. The largest economies of Europe are just toughening the prevention measures while the demand for oil products has not recovered
  • That does not mean that fuel exports will anyway decrease but this year is certainly going to be turbulent
Petersburg Oil Terminal is one of Russia’s terminals for transshipment of oil products in the Baltic Region.
It is an advanced transshipment facility and one of the largest stevedoring companies of Big Port St. Petersburg.

The terminal established in 1995 covers the area of 37 hectares and numbers 37 tanks for light and dark oil products.
Its annual capacity is 10 million tonnes.
In 2020, POT shipped over 9.2 million tonnes of oil products.

To read the article in Russian.


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