Before the end of 2016, the “State Oil and Gas Company of Dagestan” will complete the construction of the terminal for pumping oil in the port of Makhachkala. The terminal will cost 2.19 bln roubles.
As the company’s press office reports, the project has reached its final stage. The project capacity of the terminal will be 5m tons of oil a year. Private investors are taking part in the project, having directed 1.16 bln roubles towards it.