Pipeliners

RBC, 14.02.2007, Moscow 12:49:11.The share of Russian oil among EU consumers will reach 20 percent by 2015, the press office of the Russian Industry and Energy Ministry reported today citing Sergei Mikhaylov, the deputy director of the ministry's fuel and energy complex department, who is participating in an international energy conference. Mikhaylov pointed out that by 2015 the US and countries in the Asia-Pacific region will consume 1 percent and 5 percent of Russian crude, respectively. These figures may be achieved thanks to carrying out such projects as the Eastern Siberia - Pacific Ocean (ESPO), Nord Stream, and Burgas-Alexandroupolis pipelines, among others. These projects are aimed at diversifying Russia's oil supplies on the global market. Mikhaylov also said that the main goal of the Burgas-Alexandroupolis pipeline project was to provide the security and environmental safety of oil transfer through the Black Sea straits.