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Article: Baltics Not Yet Pinched By Russia's New Products Terminal.
- Article from:
- NEFTE Compass
- Article date:
- September 10, 2008
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Three months after Russia opened its state-of-the-art oil products export terminal in Primorsk on the Gulf of Finland in a project aimed at decreasing dependence on Baltic outlets, these ports have yet to feel the pinch. While officials and traders in Estonia and Latvia are aware that their days of handling Russian oil products could be numbered, for the time being they're not holding their breath.
"We haven't felt it [the opening of Primorsk] yet," said Andris Maldups, head of the transportation policy department at Latvia's transport ministry, adding that the future was still a wide-open question. "The Russians, of course, will want to load their own terminal ...