Transneft to expand oil capacity of Primorsk port next year - TASS

Russian state-owned pipeline operator Transneft could expand its oil loading capacity at the Primorsk port in the Baltic to 57 million mt in mid-2024, state-owned media agency TASS cited Nikolay Tokarev.

PHOTO: Oil pump jacks with the Russian flag in the background. Getty Images

Tokarev is the chief executive of the state-owned oil transport company.

“We will probably open Primorsk in 2024, although we planned to do it later,” Tokarev was quoted as saying. The current oil loading capacity of the port of Primorsk stands at 44 million mt, Tokarev said.

In addition, Transneft plans to expand export capacity in the port of Novorossiysk in the Black Sea to 52 million mt by 2025.

By Aparupa Mazumder 

Please get in touch with comments or additional info to news@engine.online