Al Khaleej stuns Al Hilal with 3-2 victory, ending 57-match unbeaten run    Turki Al-Sheikh crowned "Most Influential Personality in the Last Decade" at MENA Effie Awards 2024    Saudi Arabia arrests 19,696 illegals in a week    SFDA move to impose travel ban on workers of food outlets in the event of food poisoning    GACA: 1029 complaints recorded against airlines, with least complaints in Riyadh and Buraidah airports during October    CMA plans to allow former expatriates in Saudi and other Gulf states to invest in TASI    11 killed, 23 injured in Israeli airstrike on Beirut    Trump picks billionaire Scott Bessent for Treasury Secretary    WHO: Mpox remains an international public health emergency    2 Pakistanis arrested for promoting methamphetamine    Move to ban on establishing zoos in residential neighborhoods    Moody's upgrades Saudi Arabia's credit rating to Aa3 with stable outlook    Al Okhdood halts Al Shabab's winning streak with a 1-1 draw in Saudi Pro League    Mahrez leads Al Ahli to victory over Al Fayha in Saudi Pro League    Saudi musical marvels takes center stage in Tokyo's iconic opera hall    Saudi Arabia and Japan to collaborate on training Saudi students in Manga comics Saudi Minister of Culture discusses cultural collaboration during Tokyo visit    Al Khaleej qualifies for Asian Men's Club League Handball Championship final    Katy Perry v Katie Perry: Singer wins right to use name in Australia    Sitting too much linked to heart disease –– even if you work out    Denmark's Victoria Kjær Theilvig wins Miss Universe 2024    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Poland, Ukraine agree on Euro-Asia oil transport
Published in Saudi Press Agency on 14 - 04 - 2008

Poland and Ukraine on Monday agreed on an
ambitious oil transportation project in cooperation with a major US
energy firm to connect Central Asian fields with European consumers, according to dpa.
Representatives for Sarmatia, a company jointly owned by the
Ukrainian and Polish governments, and US-owned Granherne Ltd., a
subsidiary of KBR Energy, signed contracts for the project in Warsaw.
Polish President Lech Kaczyski and Ukrainian President Viktor
Yushchenko were on hand for the signing ceremony.
The development programme foresees the extension of a little-used
trans-Ukrainian oil pipeline, to run from the Ukrainian Black Sea
port Odessa, to the Polish Baltic port Gdansk.
An initial step in the development programme would be a Granherne
evaluation of the state of Ukraine's pipeline system, and the
investment necessary to bring it up to an international standard,
Yushchenko said at a post-signing press conference.
An agreement detailing the scale of later investment and specific
development planning to complete the pipeline is likely at an Polish-
Ukrainian energy summit later this year, Kaczyski said.
The partially-built pipeline, designed to transport Caspian Sea
crude expected to come on line in the coming decade to Poland and its
neighbours, would if completed break current tight Russian control of
Central Asian oil exports, as Central Asian crude oil currently must
use Russian pipelines to reach Western markets.
The new link, called the Odessa-Brody-Plotsk-Gdansk pipeline,
would bypass the Russian route by allowing Kazakhstan and Azerbaijan
to transport oil to market across the Black Sea, via the Georgian
port Poti by tanker to Ukraine's Yuzhny oil terminal, and onward via
a pipeline across Ukraine and Poland to consumers.
The Ukrainian section of the line and the Yuzhny port terminal
were completed in 2004. Currently the terminal is unused and only
sections of the Ukrainian line is used, to augment pipelines shipping
Russian oil, as Caspian product has not been forthcoming.
A multinational consortium including Polish Lithuanian, Georgian,
and Azerbaijani shareholders has been working on the Polish section
of the line since 2007, with little visible progress.
Granherne Ltd. was founded in London in 1984, and merged with
Houston-headquartered MW Kellog in 1996. The firm was later
controlled by US Halliburton and currently is a subsidiary of
Houston-headquartered KBR Inc.
A Black Sea pipeline allowing the former Soviet republics
Kazakhstan, Azerbaijan, Georgia to import oil and transport it
onwards without Kremlin interference, has been talked by regional
energy planners since the early 1990s.
Progress on the idea has been extremely slow, in part because of
estimated 2 billion dollar price tag on the project, and because of
questions as to whether oil shipped by pipeline then tanker and then
pipeline again could compete with Russian oil transported to market
through pipelines without transshipment.


Clic here to read the story from its source.