YURI KORCHAGIN

The floating storage unit YURI KORCHAGIN (IMO 9448968) is owned and operated by the russian company "Lukoil-Nizhnevolzhskneft" LLC (ООО "Лукойл-Нижневолжскнефть", TIN 3444070534), one of the largest oil producers engaged in the exploration and development of oil and gas fields in the Caspian and Azov Seas. The company is a wholly owned subsidiary of the designated russian entity PJSC "LUKOIL" (ПАО "Лукойл").
The storage unit is designated to receive and store crude oil from the Yuri Korchagin offshore field, located in russian territorial waters in the northern Caspian Sea, approximately 180 km from Astrakhan and 240 km from Makhachkala. The field was discovered in 2000 by PJSC "LUKOIL", which is currently subject to international sanctions.
Crude oil stored at YURI KORCHAGIN is transferred ashore to Makhachkala via shuttle tankers with deadweight capacities ranging from 6,000 to 12,000 tons. In Makhachkala, the oil enters the "Makhachkala–Novorossiysk" pipeline, jointly operated by Azerbaijan’s state-owned company SOCAR and the designated russian company PJSC Transneft (ПАО "Транснефть", TIN 7706061801).
YURI KORCHAGIN has also been used in export operations involving russian-origin oil and petroleum products, including via designated tankers IMO 9397676 and IMO 9284116.