The Russian government has given the green light to a major energy project, the building of an oil pipeline to the Pacific
Published:
1 January 2005 y., Saturday
The Russian government has given the green light to a major energy project, the building of an oil pipeline to the Pacific. State oil pipeline monopoly Transneft will pump one point six million barrels a day when the line is completed, which will run over 4000 kilometres from Siberia to Japan, and is the preferred option of President Putin, replacing an earlier plan to run the pipeline only to China.
Energy-hungry China will remain a major customer as the Russian state railways says it will supply 300 000 barrels a day by 2007, doubling the capacity bythe next decade, but the Chinese may be disappointed the pipeline is not coming to them as was originally planned when YUKOS was leading the project. The project is due to be completed in around four to five years time, and could cost as much as 13 and a quarter billion euros, three times more than the first estimate when the projects was first proposed.
Šaltinis:
euronews.net
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
New legislation for pan-European supervision of credit rating agencies and a public debate on how financial institutions are managed.
more »
On 2 June in Vilnius, Lithuania‘s Vice-Minister of Foreign Affairs Asta Skaisgirytė Liauškienė and Deputy Director General of the World Trade Organization Rufus H. Yerxa discussed the main issues on the international trade policy agenda, Russia‘s WTO accession and the changing role of China in the world economy.
more »
2157 former construction workers in Spain and 598 ex-employees at the Irish crystal glass company Waterford Crystal with suppliers could get €11 million in EU globalisation adjustment fund aid for training, self-employment and professional orientation under plans approved by the Budgets Committee on Wednesday.
more »
Companies from the UK, Belgium, Germany and Spain have won the 2010 European Business Awards for the Environment.
more »
The planned overhaul of EU fisheries policy should devolve more powers to regions, protect small coastal fleets and boost aquaculture, said MEPs and members of national parliaments on Tuesday.
more »
The first in a series of loan agreements for energy efficiency investments in multi-apartment buildings was signed today between the European Investment Bank (EIB), as manager of the JESSICA holding fund in Lithuania, and Šiaulių bankas.
more »
Despite the current economic crisis and tensions in the euro, Estonia is set to adopt the single currency in January.
more »
Commission proposes a bank tax to cover the costs of winding down banks that go bust.
more »
The European Investment Bank will provide a total of EUR 400 million to Hellenic Petroleum SA in order to increase the production of cleaner fuels via the upgrading of the Elefsina refinery.
more »
European ministers meet on Tuesday and Wednesday in Brussels at the final Competitiveness Council to be held during the six months of the Spanish Presidency, which has an agenda laden with important issues such as the electric vehicle, the European patent system and national R+D investment goals.
more »