Tuesday, March 9, 2021
Sign-In
|
Sign-Up
|
Contact Us
|
Bookmark
Home
News
Articles
Forum
Search
Directory
Blog
Accounts
Business
|
Politics
|
Technology
|
Entertainment
|
Sport
|
Other
|
All Published News
|
Russia may begin building a direct oil pipeline to Europe bypassing Belarus in April to reduce its dependence on the transit country
Russia may begin building a direct oil pipeline to Europe bypassing Belarus in April to reduce its dependence on the transit country, the head of the state pipeline monopoly told a government daily. Energy pricing rows with transit countries, Belarus and Ukraine, in 2006 and 2007 have led to the suspension in Russian energy supplies to Europe and undermined Russia's reputation as a reliable oil and gas exporter. Semyon Vainshtok, head of Transneft [RTS: TRNF], told Rossiiskaya Gazeta Tuesday that a decision on the construction timeframe might be made within a few weeks, and added that his company was technically prepared to begin the construction in April. The pipeline, which will have an annual capacity of 50 million metric tons (366.5 million bbl), will run from the Russian town of Unecha, near the Belarusian border, to the Primorsk terminal bordering on Finland as a second leg of the Baltic Pipeline System, which will pump Siberian oil from Russia to Germany across the Baltic seabed and on to the rest of Europe and the United States. The Unecha-Primorsk pipeline leg is designed to increase the Baltic pipeline's annual capacity, which was raised to 74 million tons (542.42 million bbl) last year, and to "provide stable oil supplies to our partners in western Europe," Vainshtok said, adding that the new pipeline would help diversify Russian energy exports. "We expect to reorient half of the 100 million metric tons (733 million bbl), exported through Belarus, to Primorsk," he said.
Related News
Russia's investment index will open Monday at 710.06 points
Credit institutions' balances on correspondent accounts with the Central Bank of Russia totaled 532.3 billion rubles
Georgian military helicopter crashed early Monday in the east of the country
The subsistence minimum in Moscow makes 5,121 roubles after the fourth quarter of the previous year
The Russian Economic Development and Trade Ministry has slightly increased its GDP forecast for 2007
New international terminal of Moscow’s Sheremetyevo airport received its first plane on Monday
Vladimir Putin said that the satellite system GLONASS was bound to prove competitive if it performed well.
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
Economic ties between Russia and Italy are growing stronger as bilateral trade reached an unprecedented 21 billion euros last year
Russia's investment index will open Friday at 711.17 points
Credit institutions' balances on correspondent accounts with the Central Bank of Russia totaled 552 billion rubles
Two died and eleven were injured in a Friday accident of a passenger bus en route from Ulan Ude to China
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
Russia's President Vladimir Putin has called for transforming the Stabilization Fund in his budget 2008-2010 address Friday
Russia is seeking alternative agricultural suppliers in Latin America
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
The Yukos bankruptcy receiver has been approved as a candidate for the Rosneft board
Credit institutions' balances on correspondent accounts with the Central Bank of Russia totaled 569.6 billion rubles
Russia's financial system will be able to overcome global economic shocks with minimum losses
The third serial-production Su-34 Fullback fighter-bomber will make its maiden flight in November 2007
Feb
March 2007
Apr
Mo
Tu
We
Th
Fr
Sa
Su
26
27
28
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
30
31
1
2
3
4
5
6
7
8