10 million tons shipped from Varandey oil terminal

10 million tons of crude oil has been shipped through Lukoil’s ice resistant oil terminal Varandey in the eastern part of the Barents Sea since the start-up in 2008.

January 24 marked the end of loading and shipping of the first ten tons of crude oil from the Varandey terminal, TV21.ru reports.

The terminal, located in sea 22 kilometers from shore, was put into operation in June 2008. It has a capacity for 12 million tons per year or 240.000 barrels per day. The main source for oil to the terminal is the Timano-Pechora oil province.

Read also: 15 million tons of Russian oil through Barents Sea

The oil terminal is operated by three shuttle tankers belonging to Sovkomflot, Russia’s largest shipping company. The 70.000 tons tankers transport the oil to the floating oil terminal Belokamenka in the Murmansk bay, and from there the oil is transported on 150.000 tons tankers to the markets in Western Europe and USA.

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