POSSIBILITY OF PUMPING KAZAKHSTANI OIL ALONG ODESSA-BRODY PIPELINE

31.07.2003 [13:11]
Print
A⁺ A^-

Kazakhstan and Ukraine have agreed to create a joint work group to study the possibility of pumping Kazakhstani oil along the Odessa-Brody pipeline. According to the pres service of the Ministry of Energy and Mineral Resources of Kazakhstan, such an agreement was reached during the 5th intergovernmental Kazakhstani-Ukrainian meeting for economic issues that took place in Kiev on 17 July. In his turn the Ukrainian press informed that the main and important results of the past negotiations was the agreement reached for uninterrupted transit of 8 million tons of Kazakhstani oil through the territory of Ukraine to ports on the Black Sea every year.

Apart from that the Kazakhstani side obliged to consider the possibility of financing the project for the construction of the 52 km sector leading from the joint of the pipelines Odessa-Brody and Snegirovka-Augustovka to the Terminal Yuzhny, as well as the construction of the second berth to receive Caspian oil.

It is also said that by this October the countries will sign an intergovernmental agreement on the conditions for transporting Kazakhstani oil through the territory of Ukraine.

The oil pipeline Odessa-Brody was constructed in August 2001 and meant to transport Caspian oil through the territory of Poland and onward to the European market. It spans a distance of 674 km with an initial capacity of 14.5 million tonnes per year, with subsequent carrying capacity levels reaching 45.0 million tonnes per year.

POSSIBILITY OF PUMPING KAZAKHSTANI OIL ALONG ODESSA-BRODY PIPELINE

FEEDBACK

Other news in this section