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Estonian port decreases transshipment of Kazakh oil

Business Materials 13 November 2014 15:17 (UTC +04:00)
Estonian port of Sillamae (Silport) decreased the volumes of Kazakh fuel oil transshipment in the current year to 1 million metric tons

Narva, Estonia, Nov.13

By Kulpash Konyrova - Trend:

Estonian port of Sillamae (Silport) decreased the volumes of Kazakh fuel oil transshipment in the current year to 1 million metric tons, the port's marketing manager Andrei Birov told Trend.

"This year, the volumes of Kazakh fuel oil fell to 1 million metric tons," he said. "In the last year, the figure was 1.5 million metric tons."

He said that the decline in transshipment of Kazakh fuel oil is due to the fact that the KazMunaiGas JSC decided to redirect 500,000 metric tons of fuel oil to its port of Batumi on the Black Sea.

Sillamae port (Silport) is located on the territory of Estonia, 25 kilometers away from the border of the EU and Russia, which creates all the necessary conditions for its effective use as a distribution center for transshipment of cargo and a wide variety of products to Europe, USA, Russia and other CIS and Southeast Asia countries.

It is the easternmost deep-sea port of the EU, capable to receive any large ships entering the Baltic Sea through the Danish straits.

Free customs zone (FCZ) of Sillamae combined with the liberal tax policy of Estonia create favorable business environment not only for the international distribution of cargo, but also for the production of goods on the territory of the FCZ.

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