Russia may decide on Daqing oil pipeline by yearend

Oct 14, 2004 02:00 AM

The Russian government may decide by the end of the year on whether to build a branch from the planned Taishet-Nakhodka oil pipeline to the Chinese city of Daqing, according to Russia's Economic Development and Trade Minister German Gref.
The Russian government is currently considering different options for the construction of the pipeline to link the town of Taishet in East Siberia with the Russian Pacific seaport of Nakhodka.

The projected annual throughput of the Taishet-Nakhodka pipeline may stand either at 20-30 mm tons of oil or at 50-80 mm tons, if the Daqing branch is built. Russia has the ability to fill the pipeline, Gref said.
"If it is decided to build the pipeline in stages, then the first stage of the pipeline will be filled with oil from Western Siberia," he added. "To fill second stage, additional exploration of Eastern Siberia's deposits would be required," Gref also said.

Source: Prime-Tass
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