Transneft starts oil terminal operations
10.15.2009 - NEWS
The first phase of the East Siberia-Pacific Ocean (ESPO) pipeline comes closer to completion today as Russia’s OAO Transneft begins operating a railroad oil terminal in Skovorodino. The new terminal will load oil into railroad tanker cars for transport east to the export terminal at Kozmino Bay on the Pacific Coast. Rail delivery of oil will continue until the second phase of the ESPO line is completed in 2014-15, linking Skovorodino and Kozmino. ESPO’s first phase, which will run from Taishet to Skovorodino, is scheduled to be launched 25 December.

Initially about 600,000 b/d will flow along the line, with 300,000 b/d going to China along the 67-km pipeline spur now under construction from Skovorodino. The remaining 300,000 b/d of ESPO crude will travel by train from Skovorodino to Kozmino for export to other Asian markets, mainly Japan.
Transneft has been preparing proposals on the amount of tariff for transporting oil for export on the ESPO, effective January 2010. ‘The network tariff will be calculated for 2010 based on transportation of 15 million tonnes of oil in 2010 and 30 million tonnes in 2011, including 15 million tonnes to China,’ Transneft VP Vladimir Kushnarev says.

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