Russia to study expansion of Baltic oil line

07/13/1998
Russian oil transportation company AK Transneft has let contract to Gulf Interstate Engineering Co., Houston, to perform a feasibility study on a proposed expansion of its pipeline system from Western Siberia's Timan-Pechora oil fields to the Baltic region. If undertaken, the pipeline expansion is expected to cost $2-3 billion. The objectives of the proposed expansion are to provide an export route for as much as 600,000 b/d of Russian crude, produced by both domestic and foreign companies in the Timan-Pechora area, and to create a new Russian export terminal at Primorsk on the Baltic Sea. The pipeline would provide an alternative route for exporting Russian crude to European m...
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