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 EBRD is supporting the modernisation of transport infrastructure in Serbia with a €150 million sovereign loan to finalise the construction of a new motorway section along the strategic Corridor X.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the first review of Romania’s economic performance under a program supported by a 24-month Stand-By Arrangement (SBA).
more »
The Executive Board of the International Monetary Fund (IMF) today approved a three-year, SDR 13.57 million (about US$21.5 million) arrangement under the Poverty Reduction and Growth Facility (PRGF) for the Union of the Comoros.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the second review of Mongolia's economic performance under a program supported by an 18-month Stand-By Arrangement (SBA).
more »
Parex banka has established a subsidiary, SIA NIF (“Nekustamo īpašumu fonds”, or “Real Estate Fund”), which will professionally manage assets that are not related to the Bank’s core business.
more »
In his address at the Lithuanian-Belarusian Business Forum “Belarus and Baltic States: new prospects for cooperation”, Prime Minister Andrius Kubilius has pointed out that Lithuania sees Belarus as creating its future in Europe...
more »
JDRF Employs VoIP and Web-Based Video Collaboration Enabled by Cisco for More Effective Teamwork Among Employees and Constituents.
more »
On 16 September 2009, AB Bank SNORAS group finished the transaction during which it purchased from AB “Invalda” with its own funds 100 per cent of the shares of AB “Finasta įmonių finansai”, managing AB Bank “Finasta”.
more »
Federal Reserve Chairman Ben Bernanke that the worst U.S. recession since the Great Depression was probably over, but the recovery will take time.
more »
Growth expected to return in the second half of 2009. Forecasts are still uncertain but fears of a severe, prolonged recession are fading.
more »