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Transneft to Finish ESPO Pipeline in Time

Transneft is set to complete the first phase of the Eastern Siberia - Pacific Ocean pipeline in December 2009, right on schedule

Transneft to Finish ESPO Pipeline in Time

The news was reported by the company's press office that quoted Alexei Sapsai, general director of the project's operator - part of Transneft.

By this deadline, an oil loading terminal will be completed in Kozmino.

Sapsai also reiterated that Transneft's investment program stood at $6.02 bln. for 2009, including $2.64 bln. to be used to complete the ESPO's first phase.

As reported earlier, the first phase with the capacity of 30m tonnes of oil a year is to be finished by December 25, 2009.

Author: Ksenia Kochneva


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