Pipeliners

RBC, 16.03.2005, Moscow 15:14:31.Transneft is planning to work on the construction of the Baltic Pipeline System more intensely to make the third stage of the project operational in the first quarter of 2006. This will enable Transneft to boost the system's capacity by 10m tons to 60m tons per year. As Transneft President Semyon Vainshtok said, Transneft's board of directors had decided to make the third stage of the system operational in the first half of 2006. As the company's press department announced, the decision to boost the system's capacity by 10m tons, and not 12m tons as was planned earlier, is due to the need to cut the project's cost. The company is saving almost USD1bn by employing this measure, Vainshtok added.