In 2006, Stena Bulk transported nearly 10 million tons of oil from the large Russian port
in Primorsk, equivalent to a market share of about 15%. As part of its ongoing focus on developing projects and handling business support with a local presence in Russia and CIS (Commonwealth of Independent States), Stena Bulk has now reinforced its Moscow office with the recruitment of Felix Mikhailovski. Felix Mikhailovski’s professional background includes positions at Murmansk Shipping Company (MSCO) and the Russian Ministry of Transport.
Russian oil exports from Primorsk rose from 12 million tons in 2001 to 65 million tons in 2006 and are expected to increase to 70 million tons in 2007.