Pipeliners

The Moscow Times, 13 January 2005
Oil pipeline monopoly Transneft is ready to build a pipeline to the Pacific coast, the country's first to Asia, by 2008, the firm said Wednesday after having obtained state approval for the plan.
Transneft said the pipeline was likely to cost about $11 billion and have a capacity of 1.6 million barrels per day. It had previously estimated the link's cost at between $6 billion and $18 billion.
The government in December gave its final approval to the idea of the Pacific pipeline, which will facilitate exports to Japan and the United States and help solve the current pipeline bottleneck.