30.05.2016

Baltic Fuel Company obtains a permit for construction of Marine Oil Terminal “Turukhtanniye Islands"

Following the signing of an agreement on creation of an artificial plot of land,  Baltic Fuel Company Group (BFC Group, Saint-Petersburg) obtained a permit from the Federal Marine and River Transport Agency for construction of Marine Oil Terminal “Turukhtanniye Islands" and implementation of works on creation of an artificial plot of land. BFC Group says the project provides for construction of five berths, a tank farm, a discharge rack and other facilities.
 
The project on construction of technological infrastructure facilities at the Marine Oil Terminal “Turukhtanniye Islands" of BFC within the water area of Big Port St. Petersburg is included into the area planning scheme of the Russian Federation in the field of federal transport approved by RF Government’s Decree dated March 19, 2013 (No384-r).

The Declaration of Intent to invest into the project was approved by the Federal Marine and River Transport Agency on July 30, 2014. The permit to create an artificial plot of land was issued on December 17, 2013. Rosmorrechflot’s Decree dated September 22, 2014 approved the project’s planning documentation.

The terminal currently consists of a 7.3-hecare plot of land and two berths for transshipment of oil products. The terminal’s annual throughput is to be increased to 2.4 mln t by 2017 and to 4-5 mln t by 2020.

Investments into the project are estimated at more than RUB 3 bln.