The Russian-based Transneft Co. Increased Russian petroleum exports by 34 million tons last year

Thursday, May 19, 2022

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The Russian-based Transneft Co. Increased Russian petroleum exports by 34 million tons last year, reported Semyon Weinstock, company president, while in conference with federal President Vladimir Putin. The Baltic pipeline net increased its throughput to an annual 55 million tons, as against an initial thirty million. The company started blueprinting a Far Eastern oil mainline, with a branch to reach China. Its first stage will stretch from Taishet in East Siberia to Skovorodino in the Amur Region's north, to go on to Nakhodka, Russia's Sea of Japan port a hundred kilometers off Vladivostok. The company has done much to draft and make decisions concerning its Far Eastern project and the Baltic net. It has got down to a northern mainline route, with some blueprints already available, said Mr. Weinstock. The East Siberia-Pacific pipeline net design complies with Russia's energy strategies for up to 2020, and proceeds from analyses of long-term forecasts of petroleum extraction and consumption in Russia. The work also bases on oil and gas demand in the Asian and Pacific markets. The Tomsk Region and the Khanty-Mansi autonomous area in West Siberia, and East Siberian oil- and gas-bearing provinces are basic regions to provide resources for the prospective pipeline net. The project chiefly orients on Asian and Pacific region, that makes the most dynamically progressing part of the world crude petroleum and oil product market. The net is expected to be 4,130 kilometers long.

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