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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 Russia’s 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 Russia’s 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 Russia’s biggest projects, coming in at an estimated cost of $2.2 billion. The port’s 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 Russia’s 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, Oct. 22


English teachers can expect to receive a few useful pointers today from Evgeny Kalashnikov, the British Council regional teacher, during the EFL Seminar this afternoon hosted by the British Book Center. The topic of today’s seminar is “Grammar Practice.”


Young Petersburgers will get the chance to jumpstart their careers at “Professional Growth,” a job fair and forum featuring more than 40 major Russian and international companies vying for potential candidates for future positions. The forum not only is a chance to network but also to learn more about the modern business world and to understand what it takes to get the job you want.



Thursday, Oct. 23


AmCham’s Public Relations Committee meeting is scheduled to meet this morning at 9 a.m. in their office in the New St. Isaac Office Center.


Sportsmen get their chance to stock up on all kinds of gear at the Hunting and Fishing 2014 exhibition starting today at Lenexpo. Everything from rods and reels to boats, motorcycles and equipment for underwater hunting will be on sale so that any avid outdoorsman can always be prepared.



Friday, Oct. 24


SPIBA’s ongoing “Breakfast with the Director” series continues today, featuring Tomas Hajek, Managing Director of the Northwest Division at Danone Russia. Hajek will be discussing collaborations between businesses from different cultures. The meeting is at 9 a.m. at the Domina Prestige St. Petersburg hotel and all who wish to attend must confirm their participation by Oct. 23.


Get your gong on at “Sounds of the Universe,” a concert at the city planetarium this evening incorporating six different gongs to create relaxing songs that will transport you upwards into the stratosphere. Tickets are 700 rubles ($17).



Saturday, Oct. 25


AVA Expo, the eighth edition of the event revolving around all things pop culture, returns to Lenexpo this weekend. Geeks, nerds, dweebs and dorks will have their chance to talk science fiction and explore a variety of international pop culture. Tickets for the event can be purchased on their website at avaexpo.ru.



Sunday, Oct. 26


Zenit St. Petersburg returns home for the first time in nearly a month as they host Mordovia Saransk in a Russian Premier League game. Currently at the top of the league thanks to their undefeated start to the season, the northern club hopes to extend the gap between them and second-place CSKA Moscow and win the title for the first time in three years. Tickets are available at the stadium box office or on the club’s website.



Monday, Oct. 27


Today marks the end of the art exhibit “Neophobia” at the Erarta Museum. Artists Alexey Semichov and Andrei Kuzmin took a neo-modernist approach to represent the array of fears that are ever-present throughout our lives. Tickets are 200 rubles ($4.90).



Tuesday, Oct. 28


The Domina Prestige St. Petersburg hotel plays host to SPIBA’s Marketing and Communications Committee’s round table discussion on “Government Relations Practices in Russia” this morning. The discussion starts at 9:30 a.m. and participation must be confirmed by Oct. 24.



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