Transneft, Rosneft to build ESPO branch supplying Komsomolsk refinery

Rosneft and Transneft agreed to jointly build a branch off the Eastern Siberia–Pacific Ocean (ESPO) crude oil pipeline linking it to Rosneft’s Komsomolsk-on-Amur refinery. The branch will have a capacity of 8 million tonnes/year.

The companies expect construction to take 4 years. Crude currently arrives at the refinery by rail. Transneft will finance the design and construction of the offshoot using long-term fees paid by Rosneft as part of a separate shipment agreement.

Rosneft is implementing a large-scale modernization program at the Komsomolsk refinery with the stated goal of increasing refinery yield, improving environmental and industrial safety performance, and producing only fuels which comply with Euro 5 environmental standards. Modernization will increase the refinery’s capacity to 8 million tpy of crude.

Transneft is building the second stage of the ESPO pipeline, which transports oil from fields in Eastern Siberia to consumers on the Pacific coast and for export to China. The company expects total capacity of ESPO-2 to reach 50 million tpy, with construction between Skovorodino and Kozmino complete in 2014.

Contact Christopher E. Smith at chriss@ogjonline.com.

Related Articles

INTERNATIONAL BRIEFS

01/01/1990 WESTCOAST ENERGY INC., Vancouver, B.C., agreed to buy the utilities and propane business of Inter-City Gas Corp. (ICG), Winnipeg, Man., for $720 mi...

HOW INDEXES HAVE RISEN

01/01/1990 Continuing a trend starting in 1983, the Nelson-Farrar refinery construction index rose slowly, from 1106.2 in January 1987, to 1184.1 in December ...

OGJ NEWSLETTER

01/01/1990 Will oil price stability dominate the 1990s? Analyst Philip Verleger thinks so. Using a measure of market concentration the U.S. government uses t...

DOE PRESSES CLEAN COAL PROGRAM

01/01/1990 The U.S. Department of Energy has chosen 13 more clean coal technology (CCT) projects in its third round of competition. If private sponsors and DO...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected