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New VLCC terminal slated for Russia's Far East

New VLCC terminal slated for Russia's Far East

Beijing: VLCCs could call at the new Russian Far Eastern crude oil port of Kozmino, near Nakhodka, as early as this December, Chinese media reported.

The Transneft terminal has an initial capacity of one million barrels per day (bpd.

Russian rail deliveries of up to 300,000 bpd would start this year, a third of which are already signed up by China with South Korea likely to snap up much of the remainder. [08/05/09]