LUKoil's Terminal in Kaliningrad Region to Be Extended

According to the statement made yesterday on his arrival to Kaliningrad's airport by Vagit Alekperov, the president of LUKoil, the oil company's terminal in the Kaliningrad Region is about to be extended as the extraction of oil from Baltic shelf increases.

Mr. Alekperov said he arrived in the Region to have a closer look at surface construction now in progress at the Kravetskoye oil field located on the shelf 22 km away from Kurshskaya spit were a D6 oilrig is being built. The annual output of the field is projected at 700,000 tonnes of crude. LUKoil extracts about this much from all its other facilities in the region. The existing loading terminal near the village of Izhevskoye will not be able to handle the flow of oil after it doubles, plus gas condensate also loaded here.

Mr. Alekperov said there was a certain shortage of loading facilities in Russia at large. LUKoil intends to invest in extending the terminal in the Kaliningrad Region to enable it to handle the output of LUKoil's refineries located in central Russia.

The head of LUKoil intends to discuss these plans with Vladimir Yegorov, Governor of the Kaliningrad Region.

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