Watching the World: A pipeline stage issue

Transneft CEO Semen Vainshtok is sure that the proposed Eastern Siberia-Pacific oil pipeline will have enough oil to become commercially viable.“There can be no doubt that the pipeline will function at its total working capacity. Eastern Siberia can certainly secure the filling of the eastern oil pipeline,” Vainshtok told Russia’s parliament on June 7.Transneft has decided to build its pipeline in two stages, with the first 2,390 km stretch extending from Taishet in Siberia to Skovorodino near the Chinese border, and the remaining 1,800 km or so extending from Skovorodino to Perevoznaya Bay.Altogether, the line would carry as much as 80 million tonnes/year of crude oil.A...

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