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Novatek Restores Ust-Luga Terminal: Russian Energy Ministry

OIL

Novatek has restored operations in the terminal port of Usr-Luga on the Baltic Sea, according to Tass, citing the Russian Energy Ministry.

  • "We would like to further note that operations of the Ust-Luga terminal have recovered and refineries in Tuapse and Ust-Luga are focusing on exports of petroleum products and do not take part in providing the domestic market with environmental class 5 engine fuel," the ministry added.
  • Ust-Luga was attacked on Jan. 21, with its crude-processing rates halving to 64k b/d in the week to Jan. 24, according to Bloomberg.

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