BELARUS NEWS AND ANALYSIS

DATE:

05/12/2008

Pipeline around Belarus

Russian Prime Minister Mr Vladimir Putin signed Decree No. 1754-r on 1 December on the design and construction of the second line of the Baltic Pipeline System from Unecha, Bryansk Region, to Ust-Luga, Leningrad Region. It had been previously repeatedly stated that the second line would connect Unecha with Primorsk. The second line of the Baltic Pipeline System will be an alternate to the Druzhba line for transport of oil to the EU. It will have a capacity of 50 million tonnes of oil per year and will stretch 1300km. The line will be financed by an issue of long-term Transneft bonds in rubles. A closed subscription among financial organizations is planned for the bond issue with predominant state participation.

Source:

http://www.valve-world.net/news/newsdetail.aspx?NewsID=17076

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