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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

Wednesday, Sept. 3


Although thesand sculptures at the Peter and Paul Fortress are more centrally located and therefore more visible to the throngs of tourists, the 300th Anniversary Park of St. Petersburgs own collection closes today so fans of the classic beach activity should get there while they can.



Thursday, Sept. 4


Vladimir I. Danchenkov, Head of Baltic Customs, will be in attendance during AmChams Customs and Transportation Committee Meeting convening this afternoon at the organizations office near St. Isaacs Square at 3 p.m.



Friday, Sept. 5


Scrabble lovers and chess masters get their chance to assert their intellectual dominance at the return of the British Book Centers Board Game Evenings tonight. Held weekly on Friday nights, the event gives both board game lovers and those hoping to improve their English the chance to meet, greet and compete. Check out the centers VK page for more details.



Saturday, Sept. 6


Athletes will relish the chance to get the latest gear and try out something new at I Choose Sport, an annual event at Lenexpo forum that plans to welcome more than 30,000 people this week to the international exhibition center. Not only will visitors get to try their hand at various athletic endeavors but they will also be able to peruse equipment that can fulfill their dreams of becoming a champion.


Local KHL team SKA St. Petersburg open their season this evening at home against Lokomotiv Yarovslavl at the Ice Palace arena next to the Prospekt Bolshevikov metro station. See their website for a full schedule and available tickets.



Sunday, Sept. 7


Check out retro and antique cars at Fort Konstantin on Kronstadt Island in the Gulf of Finland at FORTuna, a yearly car festival that highlights the eccentricities of the Soviet automobile industry. A car race, contests and a stunt show will give visitors a chance to rev their engines.



Monday, Sept. 8


This evening marks the opening of the two-week ballet festival High Season at the Mikhailovsky Theater. Check the theaters website for more details about performances and featured dancers.



Tuesday, Sept. 9


Discuss the latest news and issues at the AmCham Hazardous Waste Management Roundtable this morning in the Tango Conference Hall of the Sokos Hotel Palace Bridge on Birzhevoy Pereulok. Starting at 9 a.m., planned topics include the Krasny Bor landfill and waste transportation between Russia and Finland.


Learn more about the citys modern architectural trends at the SPIBA Real Estate and Construction Committees meeting on the topic Contemporary Petersburg Style: What is It? Participants will get the chance to discuss whats in-demand with RBI Holdings Irina Petrova and Lubava Pryanikova, and the current state of the local real estate market. Please confirm your attendance by Sept. 5 through SPIBAs website if you wish to attend.



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