Oil Pipeline Plan Raises EU Fears

A new Russian crude oil export pipeline may cut supplies to refineries in Hungary, Slovakia, Germany and other central European countries, PVM Oil Associates said Friday.

Russia plans to build a new link that will deliver at least 1 million barrels of oil per day for export by tanker from the port of Primorsk on the Baltic Sea.

The pipeline will also reduce supplies of Urals, Russia’s major export blend of oil, to refiners in Lithuania, Poland, Ukraine and the Czech Republic, PVM managing director Johannes Benigni said.

MoscowTimes