Northern route to remain open for Caspian Sea crude oil

Movement of crude oil north from the Black Sea towards European markets will retain the option of the Odessa-Brody crude oil pipeline, even though the line has lain idle since its completion more than 2 years ago and a Ukraine commission had recommended reversing it to allow Russian crude oil to flow to a new Black Sea oil terminal at Pivdenne (OGJ, Feb. 23, 2004, p. 7).Ukraine's decision brings to an end a raging internal Ukraine debate over how best to use the pipeline, according to a report last month from the Centre for Global Energy Studies, London.Speculative investmentThe government's decision, said CGES, flies in the face of findings of a feasibility study conducted by the...

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