Gazpromneft Marine Bunker acquires Novorossiysk oil terminal

Novorossiysk terminal is capable of handling light and dark oil products.

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Updated on 24 Dec 2013 12:31 GMT

Deloports Ltd. has sold its 100 percent ownership in Novorossiysk Petrotransshipment Complex LLC (NPC) to Gazpromneft Marine Bunker LLC. – a subsidiary of Gazprom Neft.

NPC is an oil products terminal located in the south-west district of Novorossiysk sea port. Construction commenced in 2010, and the facility was launched in May 2012. In 2013, NPC reached its full project capacity, and during the first 11 months of 2013 NPC handled over 300,000 tonnes of oil products.

The terminal is capable of handling light and dark oil products and stores products for companies that carry out bunker deliveries in the Russian market.

Moscow-based Deloports forms part of the Delo Group of Companies. Founded in 2012, Deloports consolidates the stevedore assets of Delo Group, which include container and grain terminals and the bunkering company TOS.

Annual bunker sales for TOS are estimated to be around 200,000 tonnes. The company was not included as part of the NPC transaction with Gazpromneft Marine Bunker. As a result, Deloports will continue to have a presence in the Novorossiysk marine fuels market.

"In the first 11 months of 2013, NPC represented approximately 7 percent of Deloports' throughput and approximately 3 percent of revenues. The sale of the oil products terminal will allow Deloports to focus on its strategic segments – containers and grain handling," said Timofey Telyatnik, CEO of Deloports.

Gazpromneft Marine Bunker has five regional offices and two subsidiaries: Gazprom Neft Shipping LLC, which operates the company's own fleet of fuelling vessels, and Gazprom Neft Terminal SPB LLC, which operates a bunker terminal in St. Petersburg.

The main areas covered by the company are:

North-West: St. Petersburg, Kaliningrad, Murmansk, Arkhangelsk, Primorsk and Ust-Luga;

South: Novorossiysk, Tuapse, Port Kavkaz and Taman;

Russian Far East: Nakhodka, Vladivostok, Sakhalin and Kozmino;

Domestic river routes: Moscow, Yaroslavl, Kazan, Volgograd, Rostov-on-Don, Astrakhan, Ust-Kut, Samara and Nizhny Novgorod.