CORRECT: Russia Aims To Finish ESPO-2 Oil Pipe Ahead Of Schedule
October 29 2010 - 10:00AM
Dow Jones News
Russia is speeding up the East Siberia-Pacific Ocean oil
pipeline and plans to finish the project, carrying Siberian crude
to Asian markets, one year ahead of schedule by end-2012 or start
of 2013, the country's pipeline operator OAO Transneft (TRNFP.RS)
said Friday.
"We are confident that we can reduce the construction period of
ESPO-2 by one year," said Transneft Chief Executive Nikolai
Tokarev.
The first phase of the pipeline came into operations last year,
while the second phase originally was planned to be finished by the
end of 2013 or beginning of 2014.
-By Jacob Gronholt-Pedersen, Dow Jones Newswires; +7 495 232
9197; jacob.pedersen@dowjones.com
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