Posted by: zanshin, 2009-07-03 07:49

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Date: 2006-04
In Russia, the Putin government announced the first stage of construction of the East Siberia-Pacific Ocean Pipeline (ESPO), a vast oil pipeline from Taishet in the Irkutsk Region near Lake Baikal in East Siberia, to Perevoznaya Bay on Russia’s Pacific Ocean coast, to be built at a cost of more than $11.5 billion. Transneft, the Russian state-owned pipeline company will build it. When finished, it will pump up to 1.6 million barrels/day from Siberia to the Russian Far East and from there on to the energy-hungry Asia-Pacific, mainly to China. The first stage is due to be completed by end of 2008.






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Tags

China,   ESPO,   Oil,   Russia,   Siberia,   Transneft,  

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