Sunday, August 14, 2022
Sign-In
|
Sign-Up
|
Contact Us
|
Bookmark
Home
News
Articles
Forum
Search
Directory
Blog
Accounts
Business
|
Politics
|
Technology
|
Entertainment
|
Sport
|
Other
|
All Published News
|
Baltic pipeline system will reach 60 million tons accroding Transneft
By late 2005 the capacity of the Baltic pipeline system will reach 60 million tons, Transneft company president Semyon Vainshtok told journalists in London Tuesday. He recalled that in December 2004 the Russian government ordered increasing the system's capacity to 60 million tons. "This goal can and must be met this year already," he said. Its current capacity is about 55 million tons. In 2004 the system pumped 50 million tons, he explained. About $500 million will be allocated for its development, Mr. Vainshtok said. Transneft's other development priority is Siberia and the Far East region. "We are looking for active emergence in the Asia-Pacific region so as to secure protection from export tensions for our oilmen," he noted. The main project here is the pipeline linking Taishet and the Perevoznaya bay in the south of East Siberia, where an oil terminal will be built, Mr. Vainshtok said. "The total cost of this project is 11.5 billion dollars. It will be funded from our own and borrowed sources," he said. Construction will be done in two stages. First, a pipeline from Taishet to Skovorodino will be laid while simultaneously beginning the Perevoznaya terminal's service. Thus, about 30 million tons of oil will be transported to Skovorodino with subsequent railage to China or Perevoznaya. After that, the second stage of the Skovorodino-Perevoznaya pipeline will be finalized. Mr. Vainshtok said the development of the northern direction for carrying 25 million tons of oil annually from the Timan-Pechora basin and Komi to the Barents Sea coast was a longer-term project. The total building cost is expected to be $6 billion. With regard to the forecast for Transneft's total 2005 capacity, Mr. Vainshtok said it could rise to "at least 255 million tons, or nearly twice the capacity in 1999 and 16 percent more than in 2004, when it stood at 238 million tons." "It exceeds two times the annual increment in oil production in Russia, which in recent years was about 8 percent," he said. His company is going to invest about one billion dollars in updating Russia's present pipelines. At the same time, the pipeline accident rate is now 0.04 accidents per 1,000 kilometers of pipeline. "For now, it is the best indicator in the world," Mr. Vainshtok said.
Related News
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
Russia's major ketchup producer Baltimor has proposed to Emir Kusturica making a commercial for its sauce
Search-and-rescue efforts have resumed today at the Yesaulskaya mine in the Kemerovo region
2004, Russian airlines bought 15 second-hand foreign-made aircraft and only four Russian-made airliners
Igor Ivanov, the Russian Security Council Secretary, does not think that "color revolutions" are a democratic way of changing power. He said this Wednesday at a meeting with Kyrgyz reporters currently in Russia as part of RIA Novosti partnership prog
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
The Russian Central Bank announced a change in policy beginning in February to "bi-currency benchmarking"
Gazprom is ready to write off nearly $280 million owed to it by the UES power grid of Ukraine for Russian gas deliveries in 1996-1997
Deutsche Bank is not negotiating the purchase of a stake in Vneshtorgbank
The Russian magazine Finans has published the rating of Russian billionaires
Vneshtorgbank was the first Russian bank to secure a subordinated loan to the sum of $750 million by issuing eurobonds
Germany will be annually investing 40 million euros to finance its co-operation projects with Russia in the field of science and education
German Gref thinks that Russia's GDP cannot be doubled before 2012
The Central Bank switched over to the bi currency basket starting February 1, 2005
Alexander Zhukov has reported to Vladimir Putin that the government has considered amendments to the Law on Competition
The Japanese companies' lack of trust in Russia stands in the way of boosting the Russian-Japanese economics contacts
The World Bank's knowhow promises to help Russia enhance its investment attractiveness
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
Aeroflot will refuel most of its foreign flights in France and Germany because foreign kerosene is cheaper
Russia will have to develop the sea shelf in the foreseeable future
Jan
February 2005
Mar
Mo
Tu
We
Th
Fr
Sa
Su
31
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
1
2
3
4
5
6
7
8
9
10
11
12
13