 RUSSIA IN FACTS |
|
Ukrtransnafta, PERN set up venture to complete Odessa-Brody pipeline
MOSCOW. Jan 16 (Interfax) - Ukrnafta President Alexander Todiichuk and head of Poland's PERN Stanislaw
Jakubowski signed an agreement in Warsaw on Friday dealing with preparations for the joint implementation of the Odessa-
Brody-Plotsk-Gdansk project.
Ukrainian Deputy Prime Minister Andrei Klyuev said at a press conference after the document was signed that the
agreement involves setting up a joint venture, the aim of which will be to prepare designs and business plans for the
completion of the pipeline, and also to develop a mechanism for attracting investment. This venture will be registered
in Poland in the near future.
The deputy prime minister said that Ukraine is counting on support from financial structures in the European Union to
implement this project. "We consider that this is a first real step. The next steps should be very rapid," he
said.
The agreement, which will come into effect in 30 days, noted that the project consists of three phases: preparation
and analytical work to establish sources of financing and the necessary level of investment; negotiations with other
regions that will participate in the project; construction and operation of the pipeline.
The Ukrainian government at a session this week approved an agreement on the integration of the Odessa-Brody pipeline
system with the Polish system.
The Odessa-Brody pipeline, which is 674 km long and 1,020 mm in diameter, and the Yuzhny oil terminal were completed
in May 2002.
The first stage of the Odessa-Brody transport system has capacity for 9 million-14.5 million tonnes of oil per year,
and 200,000 cu m of tank farms.
The port of Yuzhny is capable of accepting tankers with deadweight of up to 100,000 tonnes and can be expanded to
handle 40-45 million tonnes of oil a year with capacity to store 600,000 cu m of storage.
Discussions have been underway for several months in Ukraine over various options for the use of the pipeline: to
Europe to transport Caspian oil, or to the Black Sea coast - to transport Russian oil. The Ukrainian government plans to
reach a decision on this at the start of February. [UA PL EUROPE EEU EMRG TR ENQ ENR CRU OIL TRD] rd RTS$#&:
| | |
|
|
