In the Nenets Autonomous District, the operation of the second stage of the Arctic Submersible Loading Terminal (APPT) and Duker (submarine pipeline) in Varandey (the Barents Sea coast), constructed by Murmansk Shipping Company (MMP), began. As stated by MMP CEO Alexander Medvedev, today in Varandey a new oil bunker project in the Arctic has been implemented not only for Russia but for the whole world. The new oil bunker system provides year-round operation in all weather conditions, it is able to work stably at low arctic temperatures and a sea wave height of up to 5 meters. According to Medvedev, the project of this terminal is the know-how of the MMP, the idea of its creation belongs entirely to the company. The cost of building the terminal has not been disclosed, but it is known that the payback period of the project should be no more than 5 years. The new terminal will be served by five reinforced ice class tankers of the Astrakhan type. The capacity of the terminal with properly constructed work of tankers is up to 20 million tons of oil per year. According to the forecast, by the end of the year it is planned to pump up to 500 thousand tons of high-quality oil through the terminal. To date, 25.5% of the shares of the MMP (blocking stake) belong to the state. All other shares are owned by commercial companies, of which 12 are major shareholders. There are no foreign companies among the shareholders of MMP.