Russia Monitor is a review of the most important events related to Russian internal and external security, as well as its foreign policies.
Date: 27 May 2021
Rosneft Makes Next Step Towards Development Of Vostok Oil
Rosneft officially starts construction of its Sever Bay seaport on the coast of peninsula Taymyr as part of the Vostok Oil project. Its first part allows the loading of up to 30 million tons of crude each year. By 2030, the volumes will increase to 100 million tons per year once the second and third stages are completed.
The infrastructure object will be located in the eastern part of the Yenisey Bay, within the seaport of Dikson in Taymyr that recently saw some upgrades. Through the Sever Bay seaport, volumes are to be exported to Russia and both westwards to European markets and eastwards to the Asian region via the Northern Sea Route. The company responsible for designing the terminal is LenMorNIIProekt while its main contractor is Taymyrneftegaz-Port. Works will be carried out in three stages. The first includes the building of a temporary service harbor for unloading of construction materials with an annual capacity of 0.88 million tons of oil. It will also carry out bank protection of the terminal territory, build a checkpoint, storage areas for general cargo, and refueling loaders. In the second stage, the terminal will have an increased capacity to handle 26.1 million tons of crude per year. The third stage includes the installment of navigation equipment and safe shipping systems in the adjacent waters. The projected port waterfront will be 1,276 meters long. Once fully developed, the facility will have an estimated annual capacity and shipment of 28.36 million and 26.98 million tons of crude oil, respectively. In 2019 the Russian government decided to give the local seaport of Dikson international status to boost shipments on the Northern Sea Route. It is also planned to construct a terminal in the Sever Bay having a capacity to handle up to 25 million tons of oil per year. The deposits for the new terminal hold more than 1 billion tons of crude oil. At a meeting with Vladimir Putin in November 2020, Igor Sechin pledged to the Russian leader that the Sever Bay terminal would help ship 30 million tons of oil via the Northern Sea Route by 2024 at the latest.
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