Chernomortransneft has started building six storage tanks at Sheskharis terminal
Chernomortransneft has initiated the construction of six vertical storage tanks as of 30k cbm each at Grushovaya site within the framework of the package Sheskharis reconstruction programme. The reservoirs are designed for diesel fuel and gasoline storage. Phase one is scheduled for 2019, whereas phase 2 – for 2020. Groundworks are currently underway.
Moreover, Grushovaya and Sheskharis sites host construction and installation works for 9 other facilities. Grushovaya site features the installation of integrated gantry utilities and perimeter fencing for temporary metal junk storage facility. The reconstruction of Novorossiysk checkpoint and fire pump station at the tank storage is in progress as well. Ongoing engineering protection operations include stabilisation of the Bogago river bed and the completion of the gravity wall for the Siberian fissure. Sheskharis facility also accommodates civil works for a firehouse, structural steel works, and wall and floor slab installation.
EIA: This Week in Petroleum – 10 July 2019
Crude oil prices are forecast to remain relatively flat The U.S. Energy Information Administration (EIA) forecasts that Brent crude oil prices will average $67 per barrel (b) in 2019 and in 2020. EIA expects that West Texas Intermediate (WTI) crude oil prices will average $60/b in 2019 and $63/b in 2020. The forecast of relatively…
Peak Oil Review 8 July 2019
Quote of the Week “Those production gains came even as the rig count has continued to slide. Longer laterals and more intense fracking operations have led to years of soaring output. The problem for shale companies is that the profits have never really arrived. The downturn in oil prices since the fourth quarter of last…
Icebreaker Diplomacy: Russia’s New-Old Strategy to Dominate the Arctic
Russia’s Baltic Shipyard (St. Petersburg) held a grand ceremony, on May 25, to celebrate the launching of the nuclear-powered Project 22220 (LK-60Ya) icebreaker Ural (Geoenergetika.ru, May 27, 2019). Following the festivities, Russian Central Bank head Elvira Nabiullina stated that the event would be further commemorated by issuing a special coin hailing the new Project 22220…