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Bank Saint-Petersburg to finance construction of bitumen terminal in the port of Saint-Petersburg

Bank Saint-Petersburg says it will finance the construction (reconstruction) of two-phase bitumen terminal with a total tank farm capacity of 43,800 cbm in the port of Saint-Petersburg.

For that purpose, Bank Saint-Petersburg and Kontur LLC signed a 6-years loan agreement worth RUB 1,046,800,000.

According to the statement, that apart from heavy fuel oil and diesel fuel the terminal will be able to handle and store bitumen and liquid asphalt, manufacture modified bitumen with plasticizers and also increase cargo throughput.

For over 12 years, the Groups companies have been remained among the leading suppliers of bunker fuel to Russian and foreign ships in the water area of ​​the Neva river, the Gulf of Finland and the port of Saint-Petersburg. Holding a considerable segment of the region's bunker market, BFC Group has proved itself as a reliable supplier of high-quality oil products in the international market.

BFC Group specializes in offering services to the fleet, bunkering of vessels with fuel, lubricants and water; ecological services (collection and utilization of garbage, bilge and oily waters); maintaining of Oil Spill Response Team (OSRT) readiness for localization and response to oil spills at the Port of St. Petersburg and in the Gulf of Finland; export operations; oil products wholesale and retail trade; transportation of light and dark oil products.

Bank Saint-Petersburg and BFC Group are long-standing partners. We are glad to continue our years-long fruitful cooperation with leader of the regional bunker market , said Vyacheslav Yermolin, Deputy Chairman of the Management Board, Bank Saint-Petersburg .

The contribution of Bank Saint-Petersburg into BFC Groups development over the recent 12 years can hardly be overestimated, emphasized Stanislav Korneyev, General Director, BFC LLC.

St. Petersburg headquartered Baltic Fuel Company was established in 2008 to manage bunkering companies of the holding. The Group's companies are involved in oil product exports, bunker fuel supply, environmental services, etc. The companys fleet numbering over 34 ships is the largest in the North-West Region of Russia. The Group is among the top three suppliers of bunker to the ports of Saint-Petersburg and the Leningrad Region.