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If You Build It, They Will Come

Rosneft guarantees foreign investors will arrive for company's latest venture...

If You Build It, They Will Come

Rosneft has begun construction of the Yaroslavl-Murmansk oil pipeline. The new pipeline system is considered one of the main options for transporting Russian oil to the West through the terminals of the Murmansk port.

Construction of the pipeline will require huge expenditures, but the company is convinced it will manage to find the money through attracting large foreign investors.

If the plans of Rosneft come true, in three years the Murmansk port will be able to transship up to 10 million tons of oil a year and the transportation system will earn about $4 billion.

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