Lukoil is planning to start shipping vacuum gasoil (VGO) produced at its 195,000 b/d Volgograd refinery through the Novorossiysk fuel oil terminal (NMT) in January. It exported VGO by river during the navigation season and aimed to start loading at NMT this month. But facilities at the outlet, co-owned by trading firm Gunvor and Novorossiysk Commercial Sea Port (NCSP), were not ready to receive VGO.
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