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Transneft courts South Korea for aid.

Transneft President Nikolai Tokarev recently met South Korean officials to negotiate financing the construction of the East Siberian oil pipeline. The pipeline will connect Taishet, in central Siberia, to Perevoznaya on the Pacific coast close to Russia's border with China. There will be 44 oil pumping stations along the 4,130-km route. The 1,200-mm pipeline will have the capacity to transport up to 80 MMt/a of oil for shipments to China and Japan, as well as to South Korea, Indonesia, Australia and potentially the U.S.

The first 2,700-km leg is estimated to cost $US 1 billion and will be commissioned in 2009. It will link the Eastern Siberian region of Irkutsk to Skovorodino in the Amur region in Russia's Far East and near the Chinese border. The second stage will include three sections: from Ust-Kut to the Talakanskoe oil field, from Tynda to Aldan and from the Talakanskoe oilfield to Aldan. The total length of this stage is 2,800 km.
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Title Annotation:International
Publication:Pipeline & Gas Journal
Article Type:Brief article
Geographic Code:9SOUT
Date:Sep 1, 2008
Previous Article:South Stream project cost now $20 billion.
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