Russian oil major Rosneft is set to load the first part of the Eastern Siberian-Pacific Ocean pipeline to the full, the pipeline’s operator Transneft said Thursday. Rosneft is reported to be ready to send 25 million out of the pipeline’s 30 million metric tons capacity.
The transit rate has not been set, but experts say Rosneft will even agree to low profits from the pipeline which is largely viewed as a political project.
Transneft President Semen Vainshtok said Thrusday his company had received Rosneft’s application to pump 25 million tons of oil through the pipeline in 2009. The rest 5 million of the capacity will be divided among other firms.
He said demand would grow after 2009 as Transneft had received “real and confirmed” application to pump 36 million of oil after 2009. Mr. Vainshtok declined to say when the pipeline would be capable of pumping this volume. Rosneft did not confirm the report about the 2009 application.
The 2,700 km-long pipeline runs from Irkutsk Region in Eastern Siberia to Amur Region on Russia’s Pacific coast. The construction is due to finish in December. The eastern part of the pipeline is to ship oil to China.
Russia’s Deputy Industry and Energy Minister Andrey Dementyev refuted reports that some oil may be sent from Western Siberia where production is traditionally higher.
Transneft has not as yet set the rate for pumping oil in the Siberian-Pacific pipeline but industry experts say that it should be higher than $54 per metric ton to make the venture profitable.
Transneft is also reported to be considering the common tariff for both eastern and western branches. The company has not as yet finished the calculation, Mr. Vainshtok said. Analysts note that Transneft may decide to cut transit rates for the Chinese supplies raising prices for the western branch as the Siberian-Pacific project is largely viewed as a geopolitical matter.
Blogalaxia Tags: China,Russia,Rosneft
The transit rate has not been set, but experts say Rosneft will even agree to low profits from the pipeline which is largely viewed as a political project.
Transneft President Semen Vainshtok said Thrusday his company had received Rosneft’s application to pump 25 million tons of oil through the pipeline in 2009. The rest 5 million of the capacity will be divided among other firms.
He said demand would grow after 2009 as Transneft had received “real and confirmed” application to pump 36 million of oil after 2009. Mr. Vainshtok declined to say when the pipeline would be capable of pumping this volume. Rosneft did not confirm the report about the 2009 application.The 2,700 km-long pipeline runs from Irkutsk Region in Eastern Siberia to Amur Region on Russia’s Pacific coast. The construction is due to finish in December. The eastern part of the pipeline is to ship oil to China.
Russia’s Deputy Industry and Energy Minister Andrey Dementyev refuted reports that some oil may be sent from Western Siberia where production is traditionally higher.Transneft has not as yet set the rate for pumping oil in the Siberian-Pacific pipeline but industry experts say that it should be higher than $54 per metric ton to make the venture profitable.Transneft is also reported to be considering the common tariff for both eastern and western branches. The company has not as yet finished the calculation, Mr. Vainshtok said. Analysts note that Transneft may decide to cut transit rates for the Chinese supplies raising prices for the western branch as the Siberian-Pacific project is largely viewed as a geopolitical matter.
Via: Kommersant
Blogalaxia Tags: China,Russia,Rosneft
