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First section of Siberian pipeline opens Monday
Moscow (AFP) Dec 24, 2009 The first section of the Siberian-Pacific oil pipeline will enter service on Monday, part of a network that will ultimately carry crude to China, the head of Russian oil group Transneft said Thursday. "The pipeline will become operational on December 28," Nikolai Tokarev said in a report carried by Russian news agencies. The 2,964-kilometre (1,853-mile) section will link Taichet in eastern Siberia with Skovorodino in the Amour region of the Russian far east. A second section will run from Skovorodino to Kozmino Bay near Nakhodka in the Russian far east. Tokarev said bidding for the construction of the second section would be opened in the next 10 days. Transneft and the Chinese oil group CNPC in October 2008 signed an agreement on the construction of a branch line to China. The 67-kilometre branch from Skovorodino will initially carry 15 million tonnes of oil a year to northern China. It is scheduled to become operational next year. Share This Article With Planet Earth
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Iraq to rival Saudi in OPEC oil stakes: analystsLuanda (AFP) Dec 23, 2009 A surge from Iraq's oilfields will occupy OPEC crude producers in coming years as the recovering country's output challenges that of Saudi Arabia, observers said as the cartel held its latest meeting. Iraq has signed several contracts this month with foreign oil companies and said it could raise production to 12 million barrels a day by 2016 -- a level to rival Saudi Arabia, the world's bigg ... read more |
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