Petersburg Oil Terminal (POT) handled 6.9 million tonnes of oil products in the last year, which is 1 percent less, year-on-year. POT’s share in transhipment of oil products via Big Port Saint-Petersburg made 79 percent, which was down 2 percent.
Handling of light oil products totalled 2.5 million tonnes, down from 2.8 million tonnes in the same period of the previous year (-9.8 percent). Handling of dark oil products rose to 4.3 million tonnes from 4.1 million tonnes (+4 percent). Handling of kerosene fell by 5.7 percent, from 228,000 tonnes to 215,000 tonnes.
In the reported period, Big Port Saint-Petersburg demonstrated a 2 percent growth of liquid bulk cargo handling totalling 8.7 million tonnes with POT accounting for 79 percent of it.
This year has seen a reduction in the segment of light oil products due to the growing demand of Russian refineries.
“From the beginning of the year the oil market has seen a high demand for oil products with a positive refinery margin while crude oil goes directly to refineries, not to the storage facilities. Exports of dark oil products are higher while light oil products do not leave the country,” said Mikhail Skigin. “We do not expect any crucial changes, but it is really hard to make any long-term forecasts in the oil market which is of high volatility.”
In September 2021, Saint-Petersburg governor Aleksandr Beglov and chairman of Petersburg Oil Terminal BoD, Mikhail Skigin, officially kicked off the reconstruction project of the terminal’s so called ‘old’ part built in 1960s. Obsolete storage facilities will be replaced with modern double-wall tanks to eliminate a risk of oil spills.
The terminal will be fitted with waste heat exchangers and steam traps. POT was given a status of a strategic investor into the city economy and the project obtained a status of a strategic investment project of Saint-Petersburg. RUB 5 billion will be invested into the project’s Phase 1.
Petersburg Oil Terminal is one of Russia’s terminals for transhipment of oil products in the Baltic Region. It is an advanced transhipment facility and one of the largest stevedoring companies of Big Port Saint-Petersburg.
POT offers a hi-tech acceptance of oil products delivered by railway, river and road transport as well as shipment of oil products by road transport, sea-going ships and bunkering vessels. The terminal established in 1995 covers the area of 37 hectares and numbers 37 tanks for light and dark oil products. Its annual capacity is 10 million tonnes. In 2020, POT shipped over 9.2 million tonnes of oil products.
For more information visit www.en.seaport.spb.ru
