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Friday, February 27, 2009

Transneft to Finish ESPO Pipeline in Time

25.02.2009 - [Neftegaz.RU] - The news was reported by the company's press office that quoted Alexei Sapsai, general director of the project's operator - part of Transneft. By this deadline, an oil loading terminal will be completed in Kozmino. Sapsai also reiterated that Transneft's investment program stood at $6.02 bln. for 2009, including $2.64 bln. to be used to complete the ESPO's first phase. As reported earlier, the first phase with the capacity of 30m tonnes of oil a year is to be finished by December 25, 2009.

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