Transneft announces new ESPO terminus
Jul 28, 2006 02:00 AM
Kozmino bay near Nakhodka in the Russian Far East has been chosen as the terminus of the Eastern Siberia-Pacific
Ocean (ESPO) oil pipeline, Semyon Vaynshtok, President of Transneft (the project operator), told.
While working on the first stage of the oil pipeline, Transneft will also begin construction of a branch pipe to
China, he added.
Moreover, according to Vaynshtok, a technical and economic feasibility study for the second stage of the ESPO pipeline project will be completed by October 2006.
