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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

Friday, Aug. 29


Park Pobedy will feature the sights and sounds of the world outside of Russia during the Open Art International Festival today. Taste foreign cuisine, learn how to make tea like the Chinese or relax in a hammock during the free event. Although entrance is free, you must register beforehand if you wish to attend.



Saturday, Aug. 30


Break out the tweed and channel your inner Englishman during the English Hunt Picnic this afternoon organized by the Bagmut stables from Krasny Bor in the Leningrad Oblast. Equestrian stunts, English archery and classic hunting fashion will all be available to visitors hoping to live like the characters in Downton Abbey if only for a day. Tickets for the event cost 7,900 rubles ($219.40).


Bookworms will have their chance to swap out well-read classics for something new for their bookshelves at Knigovorot, a free book exchange that will be held in the Yusupov Garden on Sadovaya Ulitsa today. Come for the chance to get a new book or take the opportunity to discuss the literary merits of your favorite authors with fellow fans.



Sunday, Aug. 31


The Neva Delta International Blues Festival wraps up this afternoon on Vasilevsky Island with a concert featuring not only some of Russias best blues bands but international stars as well. Admission is free for all three days of the festival, which begins on Aug. 29, and the shows starting at 5 p.m. each day.



Monday, Sept. 1


Today marks the beginning of Lermontov-Fest, a fall festival celebrating the life of one of Russias most remarkable poets who, in a fate eerily similar to Pushkins, was killed in a duel at the age of 26. Organized by the Lermontov Library System, the next several months will see art exhibitions, concerts and public lectures focusing on the Lermontovs short yet prolific career. Check the Lermontov Library Systems website for more details.



Tuesday, Sept. 2


Join expats and practice your Russian during the Russian Clubs weekly meetings every Tuesday night at 7:30 p.m. The club is free to participate in although you need to be a registered member of Couchsurfing.



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