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
On 22 of June this year, the board of the newly established company of AB Bank SNORAS - UAB “SNORO Media Investicijos” - made a decision to invest in the shares of UAB “Lietuvos rytas” and to acquire 34 per cent of the authorised capital of the company.
more »
The Banker's Exchange is joining forces with Chicago-based Intergam Logistics as part of a global expansion initiative into the ATM support market.
more »
Lisbon treaty and financial supervision dominate debate at EU summit.
more »
In the most sweeping financial reform proposal since the Great Depression, President Barack Obama unveiled plans to overhaul the U.S. financial regulatory system, saying the events that led to the U.S. financial crisis make the proposed changes necessary.
more »
Due to the rising concerns on a possible disruption of Russian gas supplies to Europe coming through Ukraine, the Commission has chaired a meeting of the Gas Coordination Group to assure a stronger EU coordination and to secure energy supplies to European citizens.
more »
Mexico signs an agreement with Google to help revive tourism at its historical sites, after the swine flu epidemic.
more »
The recession could hit working women harder than men, an EU study warns, underscoring persistent disparities between the sexes in the European labour market.
more »
The first 4 months of 2009 saw 25 percent more FBI background checks on prospective firearm buyers compared to the same period last year in US.
more »
AS “Latvijas Krājbanka”, managed by AB Bank SNORAS, was presented with the annual prize of Deutsche Bank AG, one of the largest European banks, for the excellent quality of the outgoing payments.
more »
Danske Bankas has made another increase in the interest rate for fixed-term deposits in litas for both private and corporate clients.
more »