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Monday, May 29, 2017

Russia will refuse export of oil products through the Baltic States to 2018


“Transneft” plans by 2018 to reduce petroleum products exports through the Baltic ports to zero, said the head of the company Nikolai Tokarev at a meeting with Russian President Vladimir Putin. According to him, this year the volume of transshipment of oil products through the ports of the region fell almost twice — from 9 to 5 million tons.

“We are going to upload your ports because there is a surplus of capacity,” – said the head of “Transneft”. Flows will be redirected from the Latvian Ventspils and Riga in the Russian ports of Primorsk and Ust-Luga and Novorossiysk. He noted that this was done on behalf of the government.

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