Under the agreement, a 52-kilometre pipeline between the port and the Yuzhny oil terminal will be constructed, which lies at the end of the Odessa-Brody pipeline that Ukraine hopes will become an entry point to Europe for Caspian oil.
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Kazakh-Ukrainian Project of Overtaking Russia
Presidents of Kazakhstan and Ukraine vowed to push forward Western-backed plans for a new oil supply route
Presidents of Kazakhstan and Ukraine vowed to push forward Western-backed plans for a new oil supply route from the Caspian region to Europe.
Under an agreement signed here by the two, Kazakhstan and Ukraine will finalize plans for joint work on improving infrastructure at the Ukrainian port of Odessa, with a view to starting construction in the second half of the year.
Under the agreement, a 52-kilometre pipeline between the port and the Yuzhny oil terminal will be constructed, which lies at the end of the Odessa-Brody pipeline that Ukraine hopes will become an entry point to Europe for Caspian oil.
Both the European Union and the United States have backed plans to make Odessa-Brody, which was completed in 2001, a key pipeline route from the Caspian to the EU, but the goal has been plagued by problems.
Under the agreement, a 52-kilometre pipeline between the port and the Yuzhny oil terminal will be constructed, which lies at the end of the Odessa-Brody pipeline that Ukraine hopes will become an entry point to Europe for Caspian oil.
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