Figures from the Russian Association of Sea Ports show that the main ports in the Russian north in 2016 had a more than 40 percent year-on-year increase from 2015. Growth was biggest in Murmansk where a total of 33,4 million tons of goods was handled, a 50 percent increase. Also Varandey, the oil terminal on the Pechora Sea coast, in 2016 had a significant growth. The port, which is owned and operated by Lukoil, handled eight million tons of oil, which 21,6 percent higher than in 2015.
