- The Russian government has signed an order for the construction
of an oil pipeline from Taichet, eastern Siberia to the Pacific Ocean to
serve Japan.
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- (AXcess News) Moscow - The Russian government has signed
an order for the construction of an oil pipeline from Taichet, eastern
Siberia to the Pacific Ocean to serve Japan, said a source close to the
government, cited by financial news agency Prime-Tass.
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- The pipeline will have capacity for 80 million tons,
Prime-Tass said. The government press service was not immediately available
to comment.
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- For several years, there have been two competing projects
to transport eastern Siberian oil to Asia - one to Japan via the port of
Nakhodka, and the other to China.
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- Russian officials said in September that the 4,130-km
pipeline to Japan, entirely on Russian territory, was the preferred route,
but a study on profitability of the project had not yet been undertaken.
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- Chinese authorities said the Russian government had assured
them a branch of the pipeline would be built towards China.
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- http://www.axcessnews.com/commodities_010105a.shtml
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