Russia to Delay Construction of Pacific Pipeline Due to Oil Shortages

Russian government official said on Tuesday, April 10, that construction of the second leg of Asia-bound Pacific oil pipeline could be delayed by three-four years from its original March 2008 deadline due shortages in oil supply from underdeveloped East Siberian fields.

“Failure to meet mineral base targets may delay the construction of the second phase of the pipeline by three or four years at best,” Sergei Fedorov, head of geological and mineral resources department in the Natural Resources Ministry, told a Russian energy forum in St. Petersburg.
MosNews