The project, expected to cost more than $500 million, is to be completed by the end of 2005.
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Caspian Oil to Western Europe»
Ukranian pipeline to go through Poland on its way west...
Polish and Ukrainian officials have confirmed plans to form a joint venture to extend a Ukrainian oil pipeline through Poland. This pipeline allows Poland to diversify its oil supply, and could eventually carry Caspian crude to Western Europe.
The joint venture, between Poland's state-owned PERN, and Ukraine's Ukrtransnafta, is to start construction on the 500-kilometer extension in the second half of this year.
The project, expected to cost more than $500 million, is to be completed by the end of 2005.
Foreign investors are welcome in the project, especially those with interest in Caspian oil.
The project, expected to cost more than $500 million, is to be completed by the end of 2005.
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