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Monday, January 30, 2006

Transneft Warning

01-30-2006 RZD News - Transneft will sue Russia's environmental oversight agency if it rejects a Transneft pipeline project in eastern Siberia, Interfax reported, citing vice president Sergei Grigoryev. Greenpeace is putting "pressure" on government experts to say the $11.5 billion pipeline project to the Pacific coast will hurt the environment, Interfax said, citing Grigoryev. The company will prove in court their concerns are unfounded, the agency said. A pipeline leak around Lake Baikal could send 4,000 tons of crude (29,000 barrels) into the lake within 20 minutes, Greenpeace and other environmental groups said last year. Grigoryev said a pipeline accident is impossible, reports The Moscow Times referring to Bloomberg.

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