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