News // Russia
Transneft Constructed a Part of Siberia-Pacific Ocean Pipeline
13 March 2007 , 13:12390
Russia's state pipeline operator Transneft said Tuesday it has built 730 kilometers of the 4,700-kilometer Eastern Siberia-Pacific Ocean oil pipeline.
The pipeline will pump up to 1.6 million barrels per day of crude from Siberia to Russia's Far East, which will then be sent on to China and the Asia-Pacific region.
The ESPO project was launched in April 2006 and the first leg of the pipeline, 2,700 km (1,677mile) long and estimated at $1 billion, will be commissioned in December 2008. It will link Taishet, in the Eastern Siberian region of Irkutsk, to Skovorodino, in the Amur region, in Russia's Far East.
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