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
The European Commission launched "The ocean of tomorrow " call for research proposals. Oceans cover about 70% of the Earth's surface, but human activity is increasing environmental pressure on them.
more »
The EBRD is stepping up its support to the real economy in Georgia with new funds for on-lending to local businesses.
more »
Lithuania’s Ambassador to Germany and Special Representative for EU External Relations in the German Foreign Office discussed the situation regarding the decision of private credit insurance company in Germany Euler Hermes to apply the rating of a maximum risk country for Lithuania.
more »
Peter Reiniger Business Group Director for Central Europe and the Western Balkans from the European Bank for Reconstruction and Development visited Latvia to sign subordinated loan agreement with Parex banka.
more »
The European Commission has approved 16 programmes in 12 Member States to provide information on and to promote agricultural products in the European Union.
more »
New measures to help farmers through recession as milk prices tumble.
more »
Federal Reserve Chairman Ben Bernanke said the outlook for the long-suffering U.S. economy appears to be improving.
more »
The Swiss Government and the EBRD are providing €11.8 million to improve the supply of water to some 1 million people living in Bishkek, the capital of the Kyrgyz Republic.
more »
The Neighbourhood Investment Facility (NIF), a key instrument of the intensified European Neighbourhood Policy (ENP), will benefit in 2009 from a €70 million contribution by the European Commission.
more »
In response to the impact of the global crisis on the Romanian construction sector, the EBRD is supporting Lafarge Ciment (Romania) S.A. with a €20 million loan in Romanian lei to finance the company’s operations and to support its working capital requirements.
more »