The Russian government has given the green light to a major energy project, the building of an oil pipeline to the Pacific
Published:
1 January 2005 y., Saturday
The Russian government has given the green light to a major energy project, the building of an oil pipeline to the Pacific. State oil pipeline monopoly Transneft will pump one point six million barrels a day when the line is completed, which will run over 4000 kilometres from Siberia to Japan, and is the preferred option of President Putin, replacing an earlier plan to run the pipeline only to China.
Energy-hungry China will remain a major customer as the Russian state railways says it will supply 300 000 barrels a day by 2007, doubling the capacity bythe next decade, but the Chinese may be disappointed the pipeline is not coming to them as was originally planned when YUKOS was leading the project. The project is due to be completed in around four to five years time, and could cost as much as 13 and a quarter billion euros, three times more than the first estimate when the projects was first proposed.
Šaltinis:
euronews.net
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Between 2000 and 2008 EU27 trade in goods with China more than tripled in value, with EU27 exports to China rising to 78 billion euro in 2008 compared with 26 bn in 2000, and imports rising to 248 bn from 75 bn.
more »
The first estimate for the euro area (EA16) trade balance with the rest of the world in March 2009 gave a 0.4 bn euro surplus, compared with -2.3 bn in March 2008.
more »
On May 18 this year, AB Bank SNORAS begins to distribute two emissions of one-year fixed interest bonds.
more »
Taking into account changes on international and domestic money markets AB DnB NORD Bankas, a member of international financial group, has changed time deposit rates for individual customers.
more »
The 25-year Sri Lankan civil war looks to be in its final throes.
more »
The sheer scale and nature of taxpayers' cash claimed as allowances by Britain's lawmakers has stunned the nation.
more »
The European Commission has decided to send a formal request to Lithuania regarding the award of a works contract by Lithuania Railways for the modernisation of the railway radio communication system through the introduction of a GSM-R system.
more »
The speed and depth of the financial crisis has been brutal and over the last year MEPs have been hard at work on a two-fold approach to the crisis.
more »
The Group commits to reducing its CO2 emissions by 30% by 2020 supporting the “20-20-20” goal set by the EU.
more »
This weekend, in the second round of Le Mans Series championship on SPA track, in Belgium, SNORAS Spyker Squadron team that participated there took the fifth high position.
more »