Putin: Baltic pipeline system offers more room for export maneuvering
Published:
31 December 2001 y., Monday
The commissioning of an oil transshipping facility near St. Petersburg not only gives Russia "a window" in that part of Europe, but also enables it to maneuver between the northern and southern directions. Russian President Vladimir Putin made statement to this effect on Thursday at a ceremony for commissioning the first section of the Baltic oil pipeline system.
The specialized oil-loading port of Primorsk is the terminal of the Baltic pipeline system for exporting Russian crude from the fields of the Timano-Pechersk and West Siberian oil and gas provinces.
Putin holds that this also gives more room for maneuvering Caspian oil and offers greater opportunities for the CIS members. The president pointed out that many leaders take "a very positive attitude towards what we are doing here in the Baltic Sea area." In particular, he referred to his talk with the president of Kazakhstan about joint projects concerning production of Caspian Sea oil and said that the commissioning of the Primorsk facility "offers an opportunity for additional maneuvering between the Mediterranean market as well as the markets of Western and Northern Europe."
Šaltinis:
russianobserver.com
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 Parliament's proposal for its own operational budget for 2011 includes the financing of measures in preparation for enlargement with Croatia.
more »
Links between business and the academic world need to be strengthened but higher education institutions must retain their autonomy and public support, says a resolution adopted on Thursday by the European Parliament.
more »
The Spanish Minister of Economy and Finance, Elena Salgado, will present the additional fiscal tightening measures set out by the Spanish Government to her eurozone (Eurogroup) counterparts on Monday; the measures were required by Spain’s European partners as a condition of approving the plan to bolster the euro on 9 May.
more »
The European Commission has opened an in-depth investigation under EU State aid rules into capital injections destined to two subsidiaries of state owned company Elan Skupina in Slovenia.
more »
GDP growth in the EU expected to gradually pick up, though recovery less robust than past upturns.
more »
The EESC tabled its opinion on the regulation of alternative investment funds, such as hedge funds and private funds. Although endorsing the much debated proposal of the European Commission, the EESC calls for uniform risk data provision for all such funds and emphasizes their responsibility in triggering the crisis.
more »
Concluding the process and deciding on the schedule for releasing the funds agreed on for Greece, as well as examining and learning lessons from the crisis for the governance of the eurozone, will be the focus of the discussions of the heads of state and government at the meeting in Brussels this Friday.
more »
The EU pavilion at the world expo in Shanghai marks the first time the EU has presented itself to a large Chinese audience.
more »
Shanghai's World Expo offers visitors plenty of fun offering bizarre things to do at over 200 pavillions competing for attention.
more »
The European Investment Bank (EIB) is providing a loan of EUR 150 million to MVM Zrt. for the capacity increase and the extension of a high-voltage transmission network, partly constituting priority axes of the Trans-European Energy Network (TEN-E) in Hungary.
more »