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Baltic Pipeline System Set To Reduce Transit Dependency

Published: April 11, 2006 (Issue # 1160)


PRIMORSK, Leningrad Oblast The Baltic Pipeline System (BPS) has been launched to its full design capacity of 1.3 million barrels a day, RIA Novosti quoted Russias industry and energy minister as saying Friday.

The facility is brilliant for Russian infrastructure in terms of all parameters, Viktor Khristenko told journalists.

Earlier, Khristenko promised the pipeline, which vastly reduces Russias dependency on transit countries, would reach design capacity in mid-April.

The first stage of the BPS was opened in 2001 with a 240,000 bbl/d capacity.

The Baltic Sea port of Primorsk, which has also been expanded, is one of Russias biggest projects, coming in at an estimated cost of $2.2 billion. The ports cargo turnover in 2005 was more than 50 million metric tons (1 million bbl/d) and the opening of new capacities will mean four tankers with a displacement of 100,000 tons each can be received simultaneously.

Khristenko said state-owned oil pipeline monopoly Transneft, which is the operator of the BPS project, had paid off almost all its loans attracted for the project, RIA Novosti reported.

All investment, all the loans taken out for the project have been returned, the news agency quoted him as saying.

President Vladimir Putin said the completion of the BPS was an important step for Russia and other countries in energy sector development, Interfax reported Friday.

This is a major step forward in the development of the infrastructure which will increase Russias opportunities on the world markets and is a contribution to global energy security, Putin was quoted by Interfax as saying at a meeting with Semyon Vainshtok, the head of Transneft.

(RIA Novosti, Interfax)





 


ALL ABOUT TOWN

Thursday, Oct. 30


Dental-Expo St. Petersburg 2014 concludes today at Lenexpo. Welcoming specialists from throughout the federation, the forum is an opportunity for dentists to share tricks of the trade and peruse the most recent innovations in technology and equipment, with over 100 companies hocking their wares at the event.



Friday, Oct. 31


Put your grammar and logical thinking to the test in a fun and friendly environment during the British Book Centers Board Game Evening starting at 5 p.m. today. The event is free and all are welcome to attend.



Saturday, Nov. 1


The men and women who dedicate their lives to fitness get their chance to compete for the title of best body in Russia at todays Grand Prix Fitness House PRO, the nations premier bodybuilding competition. Not only will men and women be competing for thousands of dollars in prizes and a trip to represent their nation at Mr. Olympia but sporting goods and nutritional supplements will also be available for sale. Learn more about the culture of the Indian subcontinent during Diwali, the annual festival of lights that will be celebrated in St. Petersburg this weekend at the Culture Palace on Tambovskaya Ul. For 100 rubles ($2.40), festival-goers listen to Indian music, try on traditional Indian outfits and sample dishes highlighting the culinary diversity of the billion-plus people in the South Asian superpower.



Sunday, Nov. 2


Check out the latest video and interactive games at the Gaming Festival at the Mayakovsky Library ending today. Meet with the developers of the popular and learn more about their work, or learn how to play one of their creations with the opportunity to ask the creators themselves about the exact rules.



Monday, Nov. 3


Non-athletes can get feed their need for competition without breaking a sweat at the Rock-Paper-Scissors tournament this evening at the Cube Bar at Lomonosova 1. Referees will judge the validity of each matchup award points to winners while the citys elite fight for the chance to be called the best of the best. Those hoping to play must arrange a team beforehand and pay 200 rubles ($4.80) to enter.



Tuesday, Nov. 4


Attend the premiere of Canadian director Xavier Dolans latest film Mommy at the Avrora theater this evening. The fifth picture from the 25-year-old, it is the story of an unruly teenager but the most alluring (or unappealing) aspect is the way the film was shot: in a 1:1 format that is more reminiscent of Instagram videos than cinematic art. Tickets cost 400 rubles ($9.60) and snacks and drinks will be available.



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