According to reports of the meeting, he said that his company wants to enhance the pipeline’s capacity to “at least 30-million tons of oil per year, and later to 50-million tons”.
Deputy energy minister Vladimir Stanev also confirmed that Transneft was completing preparations for increasing the pipeline system’s capacity to 30m tons.
Initially, the company had planned to expand the capacity of the system from 12-mllion to 18-million tons this year. However, at the end of last year, Transneft authorities proposed to increase it to 30-million tons in order to meet the demand for oil transportation facilities due to the growth in annual oil production.
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Baltic pipeline system capacity to be increased
Wed, 12 March 2003
BY THE end of this year, Russia’s Transneft is planning to increase the capacity of the Baltic oil pipeline system by three-fold, Transneft vice president Sergey Per-Sarkisiants said at the Federal Council round-table meeting on the subject of ‘Prospects for pipeline transportation in Russia’.
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