The state-owned Mariupol seaport and LLC Euro Oil are implementing a joint project involving construction of a complex for storage and transshipment of oil and byproducts of oil processing. The seaport will be able to handle up to 500,000 tons of vegetable oil annually when the new terminal starts operation.

According to information from the Mariupol seaport, LLC Euro Oil’s investment in the project is about UAH 150 million. The Mariupol seaport itself will invest about UAH 26 million in construction of a pipeline for pumping oil from storage facilities onto vessels and related infrastructure.

The complex will consist of three oil storage tanks with a capacity for simultaneous storage of 5,000 tons each, several pumps for pumping oil through a pipeline to the port, two fixed scales, viaducts for unloading bulk cargo, and administrative and residential buildings.

According to the Mariupol seaport’s Director Oleksandr Oliinyk, the site of the new complex was a wasteland just a few years ago. The complex for storage and transshipment of oil and byproducts of oil processing launched into operation by summer 2017.

The port has never had specialized oil terminals.

"Until now, the Mariupol seaport did not have specialized terminals for transshipment of vegetable oil and loading onto ships was performed directly. Meanwhile, an oil extraction plant belonging to the Satellit company, which exports its products, is located in the city. Transshipment through a dedicated terminal will increase the rate of loading of vessels, reduce losses, and improve the efficiency of port’s berths," said Andrei Isayev, a consultant with CFTS Consulting.