Today, September 15, Irkutsk Oil Company shipped its second million ton of production from the railroad terminal in Ust’-Kut.
The geography of supplies is quite broad – crudes were historically shipped to refineries in the European part of Russia, refineries in the Moscow, Leningrad, Smolensk, Tambov, and Saratov regions. Oil refineries in Angarsk, Vanino, Ufa, Kirishi, Komsomolsk, Khabarovsk, and Orsk have been buyers of INK production as well. Some years it was even shipped to Mongolia, the oil refinery in the city of Erdenet. In 2007, the Company started exporting its production to the Asia-Pacific region.
Mr. Sergei Nastobursky, the company’s deputy commercial director, said that the first million tons of accumulated oil and condensate production were shipped by railway on October 4, 2008, and it took less than two years to ship the second million tons. Most of the shipped crude is produced at the company’s fields and just a very small portion is purchased from other producers.
For almost ten years, Irkutsk oilmen have been working hard to achieve this remarkable result. INK was formed on November 27, 2000. The company has become the first in the Irkutsk region to enter into the production stage of field development. It built a 300-km pipeline network that can transport up to 700,000 tons of oil and condensate per year from fields to the terminal in Ust’-Kut.
The company plans to connect its fields to the ESPO pipeline by early 2011. Afterwards most production will be supplied via the Transneft system.
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