Russia to build oil pipeline to Pacific coast

Apr 27, 2005 02:00 AM

Russia's Industry and Energy Ministry has announced it will construct an oil pipeline from Tayshet in central Siberia to Skovorodino in the Amur region, about 70 km from the Chinese border.
Officials did not announce a construction starting date but said the pipeline could become the first leg of a line to Perevoznaya on the Sea of Japan, assuming enough oil is discovered to fill it.

Anatoly Yanovskiy, director of the ministry's fuel and energy department, announced the decision.
"Construction of the first stage of the pipeline is due to be finished by the middle of 2008," Yanovskiy said Apr. 27 during talks at the Natural Resources Ministry about the program for developing oil and gas reserves in eastern Siberia. However, Yanovskiy said construction on to Perevoznaya would depend on the results of geological studies. The proposed 4,180 km oil pipeline from eastern Siberia to the Pacific Ocean might stop at Skovordino if oil exploration results are disappointing, he said.

The decisionfollows an Apr. 22 announcement by Japan's Minister for Economy, Trade, and Industry Shoichi Nakagawa who threatened to withdraw financial backing for the longer pipeline after learning a spur to China might be completed first.
Moscow had assured Tokyo at yearend 2004 that it would construct an oil pipeline to Nakhodka near Perevoznaya. That longer, more costly line would enable Russian oil to reach a broader Asia-Pacific market than an earlier route promoted by the Chinese government that would terminate at Daqing, in northeast China.

Source: PennWell Corporation
Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« February 2020 »
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29

Register to announce Your Event

View All Events