Putin opens oil export terminal on Baltic
Published: 14 May, 2008, 21:21
Vladimir Putin has opened a new terminal for the shipment of light-oil products in the Baltic port of Primorsk. The new terminal has a capacity of over 7 million tonnes of oil products a year and will provide Russia with more much-needed export capacity.
Previously, much of Russia's oil was exported via Baltic state ports.
Attending Wednesday's opening ceremony, Prime Minister Putin said the Primorsk terminal was a vital addition to the industry.
“Projects like this drive our oil companies and refineries to modernise production in order to export processed products rather than just raw materials,” said Putin. "Adding the value here will allow us to create more jobs.
14.05.2008, 20:04
Medvedev to slash red tape for small businessesThe new President says he has plans to increase the number of small enterprises in Russia. Figures show just 17 per cent of the work force are employed by small businesses, compared to 60 per cent in Europe. Dmitry Medvedev says that isn't good enough. E |
14.05.2008, 23:15
Mobile major dials up Africa and Middle EastThe owner of MTS, Sistema, wants to continue its aggressive expansion outside Russia this year and has found new partners in a bid to break into African and Middle Eastern telecom markets. The Russian mobile phone giant almost doubled its net profits last |
