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Baltic Fuel Company obtains approval of Saint-Petersburg Administration for land reclamation at Turukhtannye Islands

Saint-Petersburg Administration has approved documentation on area planning for the development of fuel terminal MTT Turukhtannye Islands within the water area of Big Port St. Petersburg. So, Baltic Fuel Company, the project investor, obtains a permit for reclamation of 1.43 hectare plot of land.

As of today, the terminal occupies a 7.3-hectare plot of land and two berths being used for transshipment of oil products (some 500,000 t in 2013).

Investment programme of BFC implies the reconstruction and modernization of the terminal to considerably improve its throughput capacity. In 2015-16, the terminal’s throughput is to reach 1.7 mln t of oil products. From 2017, the terminal will annually handle up to 2.4 mln t of products, from 2020 – up to 4-5 mln t.

According to the project, the third berth is to be put into operation and the tank farm capacity is to be increased to 42,000 t. Investments into the project are estimated at $110.Baltic Fuel Company LLC headquartered in St. Petersburg was established in 2008 for managing of the Holding’s bunkering assets effectively. For more than 10 years the Group’s companies export oil product, provide bunkering and ecological services etc. The Company’s fleet comprises 30 vessels. It is the largest bunkering fleet in Russia’s North West region. The Company is one of the three leading bunker suppliers in the port of St. Petersburg and in the Leningrad region. Besides, it is one of the three leaders in the North-West market of oil product motor transportation.