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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, July 30


SPIBA continues their series of Look@It tours, which focus on the success stories of major brands in the St. Petersburg market. Todays event will focus on the Gorky Golf Club and will also be held there. For more details visit spiba.ru



Thursday, July 31


Develop your leadership abilities during a lecture by famous Russian author and coach Radislav Gandapas. The event starts at 9 a.m. at 5 Lodeinopolskaya Ulitsa. The price for entry is 20,500 rubles ($570).


Relax and enjoy a Parisian atmosphere with some romantic and laidback jazz tunes during the Night of French Music at Lenny Jam Cafe, 63 Ligovsky Prospekt. The entrance fee is 250 rubles ($7).


The Womens Business Club is hosting a Beauty Brunch where participants are invited to discuss the latest news in the beauty industry and listen to lectures by professional stylists in the business.



Friday, Aug. 1


Bikers from all around the world will gather to take part in a parade, extreme shows and rock concerts during the International Biker Festival that revs its engines today and runs through Aug. 3 near Olgino Hotel, 4/2 Primorskogo Shosse.


The Peter and Paul Fortress will be turned into an open-air cinema today and tomorrow as part of the 5th International Short and Animation Film Festival. A huge screen across the fortress walls will air short films non-stop with board games, photo sessions and other activities also on offer for visitors. For more information, visit www.opencinemafest.ru



Saturday, Aug. 2


Gatchina Palace Park Museum will host its second annual Night of Light, an impressive audio-visual show across the night sky. Tickets are 600 rubles ($16).


If graphic design is more your thing then check out Illustration Day, where you will be able to visit an exhibition, attend lectures by professionals and even show experts some of your own work. The event starts at noon at Zona Deystvia, 73 Ligovsky Prospekt. The entrance fee is 350 rubles ($10).



Sunday, Aug. 3


History lovers shouldnt miss the chance to see reenactments of World War I battles in Pushkin at noon. Besides exciting war scenes, visitors can enjoy live music, historical costumes, an equestrian show and a fancy-dress parade starting from the Moscow gates.


Garage Sale, the popular and growing flea market where nothing is priced over 500 rubles ($14.11), starts today at noon in Loft-Project Etagi, 74 Ligovsky Prospekt. Be sure to get in early to score a bargain. Entry costs 50 rubles ($1.40)



Monday, Aug. 4


Continue the working week with a calm and steady mind with a free yoga lesson at 7 p.m. in the Bukvoed store at 23A Vladimirsky Prospekt.



Tuesday, Aug. 5


Visit The Romanov Dynasty doll exhibition today, where more than fifty porcelain dolls depicting Russian rulers, and made by Olina Ventzel, will be on show. The exhibition continues through Aug. 31 in Sheremetyev Palace, 34 Fontanka Naberezhnaya.



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