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In 2004-5, Russian Railways invested 203 million roubles in the port infrastructure of the distribution and re-shipment complex Lukoil 2 on the island of Vysotsky in Leningrad oblast, building 41 km of connecting routes and Pikhtovaya station and also electrifying parts of the lines.
Lukoil invested 300 million roubles in the project over the same period. The construction work improved the environmental situation since oil and oil products no longer passed through the town of Vyborg. Vladimir Yakunin, President of Russian Railways, and Vagit Alekperov, President of Lukoil, have now signed a contract to develop rail access to Lukoil 2. According to the contract, by 31 December, 2006, Russian Railways will electrify the stretch between Pikhtovaya and Visotsky and implement other work to increase the volume of oil and oil products arriving at Lukoil 2 to 9 million tonnes per annum. Lukoil is to invest 141.5 million roubles in the project. Russian Railways began shipping oil and oil products to Lukoil 2 on Vysotsky in 2004, and in December 2004, Russian Railways and Lukoil reached an agreement under which Russian Railways would transport 7 million tonnes per annum to the complex. From 2004 to 2006, Russian Railways will be spending over 30 billion roubles on developing St. Petersburg’s rail hub and access to the sea ports of Russia’s North-West region, which will greatly improve efficiency and capacity. A joint working group consisting of experts from Russian Railways and Lukoil is currently working on plans to develop further the rail infrastructure of Lukoil 2, which should increase shipping capacity to the complex to 12 million tonnes per annum and represent one of the main sources of profitability for the terminal as a whole due to its high technical level and unique and advantageous geographical location.
Source: Press Release
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