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Page added on December 26, 2007

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Russia to Review Oil Pipeline Projects to China, Baltic Sea


(Bloomberg) — Russia’s Economy Ministry plans to examine delays to an oil pipeline to China and possible routes for another link to the Baltic Sea as the country seeks new channels for its fuel exports.


Officials will prepare their own assessment of delays and cost overruns in the construction of the oil pipeline across eastern Siberia to the border with China after receiving materials from the Energy Ministry, Deputy Economy Minister Kirill Androsov told reporters in Moscow today.


Russia is planning new, multibillion-dollar export links to boost fuel shipments to Asia and Europe, while circumventing some transit countries. The ministry will consider routes for an additional oil pipeline from the border with Belarus to the port of Primorsk on the Baltic, Androsov said.


Bloomberg



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