Russia: 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>

<< Apr 2017 >>
MTWTFSS
27 28 29 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

II Hemispheric Conference on Inland Ports, Waterways, and Dredging: Inland Transport as an Engine for Competitiveness

The Second Hemispheric Conference on Inland Ports, Waterways, and Dredging: Inland Transport as an Engine for Competitiveness will take…

read more >

Dredging management

The course will enable attendees to manage and regulate dredging projects and contractors more effectively and efficiently…

read more >

Marine & Coastal Design and Engineering

To discuss this and more don’t miss the Marine & Coastal Design and Engineering Forum…

read more >

CEDA-UK: Dredging in Wales, A Review and Forward Look

With the ports and harbours of Wales playing a vital role in the country’s economy through imports, exports, offshore energy, fishing…

read more >

Jobs>

Dredging Consultant

Anthony D Bates Partnership LLP, a leading international dredging consultancy, is looking for a well-educated, professional and confident person to fill an immediate position...

apply

Network Support Engineer

As Network Support Engineer you will be responsible for the installation / configuration, operation and maintenance of the infrastructural....

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