The Odessa-Brody pipeline currently carries transports crude oil from the Black Sea to a terminal near the Ukrainian border with Poland. The EAOTC could increase the annual capacity of the current system from 9m tons/yr to 45m tons/yr. Analysts have already pointed out that European countries could expect a sharp rise in the demand for jet and diesel fuel corresponding to a marked decline in demand from former Soviet countries. A joint working group formed at the Kiev meting said it would put forward an economic and technical proposal on the EAOTC project by July.
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Agreement on Odessa-Brody expansion
Tue, 1 July 2008
EASTERN European leaders have agreed at a meeting in Ukraine to implement a Euro-Asian energy transport corridor as part of an extension to the Odessa-Brody oil pipeline. The presidents of Azerbaijan, Georgia, Lithuania, Poland, and Ukraine agreed at the energy summit in Kiev to take the necessary steps to expand the pipeline to create a Euro-Asian ‘oil transportation corridor’ (EAOTC) following plans proposed by KBR subsidiary Granherne at the Kiev meeting.
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