OREANDA-NEWS.  January 18, 2012. Shipments of oil product from the terminal of Rosneftbunker based at the Port of Ust-Luga amounted to 6.47 million tons in 2011 (versus projected volume of up to 11 mt), a Port Authority said. 

The Ust-Luga-based terminal owned and constructed by Rosneftbunker (a business unit of oil trader Gunvor) started operating in test mode on January 31, 2011, when the first 47,125DWT tanker docked at the terminal to be loaded with 44,000 tons of fuel oil.

Upon completion the facility will be able to handle annually 30 million tons of oil products. The project worth RUB 26bn is being implemented with the assistance of a USD 200m loan from Vnesheconombank.