Russia is planning to rejuvinate an oil terminal and fertilizer handling port in Liinakhamari by the Barents Sea.
Citing General Director of Liinakhamari Port Management Company Sergey Kudrintsky, Barents Observer reports that negotiations with potential investors are under way. The port in the Russian Arctic will have an annual capacity of 15 million tons of oil and 4 million tons of fertilizer.
The port of Liinakhamari in the outlet of the Pechenga fjord has lain more or less idle since the Coast Guard moved its vessels out of the area a few years back. The fjord is used for salmon farming.
The project includes an offshore complex for transshipment of oil which will comprise a 320,000 tons storage tanker anchored in the bay outside the port.
Source: Barents Observer