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Thursday, May 12, 2005

EBRD to Finance Pipeline?

12/05/2005 - RZD News - The European Bank for Reconstruction and Development may help finance Poland and Ukraine's planned pipeline to carry Caspian oil from the Black Sea to the Baltic. Rzeczpospolita said Wednesday the EBRD could fund most of the project's estimated 400 million to 450 million euro ($514 million to $578 million) cost provided certain conditions were met. "[The EBRD] is talking about guarantees from Caspian producers, who would commit to using the pipeline for 10 years, for example," reports the Moscow Times referring to Rzeczpospolita.

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