Estonian transit seeks new niche

  • 2013-01-09
  • From wire reports
TALLINN - The last nail in the coffin of Estonia’s old-fashioned transit business was driven in last year when an oil terminal operated by the Russian state-owned company Rosneft was completed in the Ust-Luga port, 50 kilometers northeast of Narva, reports Postimees.Oil transit via Estonia fell practically by a half last year. According to the data revealed at the end of December by Statistics Estonia, in the third quarter of the year, 2.6 million tons of transit oil moved along Estonian railways, while at the beginning of 2011 the amount was 5.3 million tons a quarter.The ...
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