The first section of Pacific oil pipeline is launched

Vladimir Putin activated the pipeline himself

In brief: Prime Minister Putin officially launched the first section of Pacific oil pipeline on Monday.

During his visit to the Siberia on Monday Russian Prime Minister Vladimir Putin officially launched the first section of the Eastern Siberia – Pacific Ocean oil pipeline. He visited the specialized oil-loading port of Kozmino, where the activation took place, giving the start to oil pumping into the first tanker.

Prime Minister Putin says that this project will allow Russia to enter new markets in Asia, where Russia was present only insufficiently before. The project itself is developed to pump up to 1.6 million barrels of crude per day from Siberia to the Asia-Pacific region. An agreement on the construction of branch line to China, initially carrying 15 million tons of oil a year, was signed between Transneft and the Chinese oil group CNPC in October 2008.

Olga Bespalova
2009-12-28 09:32, Society.

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