Russia: BFC Group Gets OK for Land Reclamation Project

BFC Group Gets OK for Land Reclamation Project

The Baltic Fuel Company Group (BFC) has received approval and permits from the St. Petersburg City Administration for creation of artificial lands of Turukhtannye Islands Oil Terminal.

St. Petersburg City Administration has approved area planning documentation of land reclamation for expansion of Marine Oil Terminal “Turukhtannye Islands” based in the seaport Big Port St. Petersburg. The project investor is BFC Group. Thus, BFC was given the green light to start building of an artificial land area of 1.43 hectares.

Currently, the terminal territory encompasses 7.3 hectares including two berths for handling oil products with annual throughput of 500,000 tonnes of products(the 2013 year-end figure).

BFC Group

The BFC Group’s investment program includes the overhaul and modernization of the Terminal, which will help to increase substantially the facility’s capacity. The expansion plan will reportedly enable the Terminal to handle at least 1.7 million tonnes of products in 2015-2016. As from 2017 the facility is expected to transship 2.4 million tonnes a year, and from 2020 – up to 4-5 million tonnes of oil products.

The project also includes launching of the 3rd berth, to increase the tank farm storage capacity to 42,000 tonnes.

Investment in the project is estimated at $ 110 million.

Press Release, September 2, 2014

Share this article

Follow Dredging Today

Events>

<< Jun 2016 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

2016 Port Security and IT Seminar and Exposition

Plan to attend and/or exhibit at this hugely popular seminar addressing key security and information technology challenges confronting public seaports…

read more >

5th International Symposium on Sediment Management (I2SM)

The aim of I2SM is to get together academics, professional figures and public agencies involved in sediment issues to review recent advances…

read more >

River Flow 2016

The conference will focus on the latest advances in experimental, theoretical, and computational tools in the field of fluvial hydraulics…

read more >

14th ASEAN Ports and Shipping 2016

A two days Conference Programme will feature 30 world-class conference speakers addressing topical issues and challenges on global…

read more >

Jobs>

Hydrographic Surveyor

Gahagan & Bryant Associates, Inc. (GBA) is posting the following career opportunity in their Houston, TX and Baltimore, MD and Tampa, FL offices....

apply

Dredge Masters, Engineers and Superintendent\\\\\\\'s Urgently Required!

Flagship Management is working with a number of leading international marine and dredging organizations and require the following candidates for a range of global projects...

apply

Design Engineer Standard Cutter Suction Dredgers

As a Design Engineer you will be involved in the concept, basic and detail design of Cutter Suction Dredgers...

apply