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Latest AMBO pipeline Stories

2008-07-19 12:00:28

From $800 million to just over $1 billion -- that's how much of a jump there is in the latest construction cost estimate for the Lake Powell pipeline project, the Utah Department of Natural Resources announced Friday. The latest number comes closer to the $2 billion that critics of the project say the pipeline will cost. "Costs have risen sharply over the past several years, as they have for similar major construction projects nationwide," Utah Division of Water Resources director Dennis...

2008-06-25 21:02:47

MOSCOW. June 25 (Interfax) - Preliminary estimates of the cost of the Burgas-Alexandroupoli oil pipeline stand at 1.5 billion euro, Nikolai Seryogin, a member of the Supervisory Board at Trans Balkan Pipeline BV, who represents Gazprom Neft (RTS: SIBN) in the project, told journalists. Back in 2007, the project was estimated at 1 billion euro, he said. The cost has been adjusted for inflation and growing metal and pipeline product prices, Seryogin recalled. The Balkan oil pipeline is...

2008-06-25 21:02:47

MOSCOW. June 25 (Interfax) - An updated feasibility study of the project for the construction of the Burgas-Alexandroupoli oil pipeline will be ready by late 2008 - early 2009, Project Manager Nikolai Seregin of Gazprom Neft (RTS: SIBN) told journalists. Work in updating the feasibility study will begin in the near future, he said. The feasibility study, which was prepared by ILF a few years ago, needs updating because of changes in the prices of metal and pipelines and a number of other...

2006-09-04 03:29:51

ATHENS (Reuters) - Russian President Vladimir Putin arrives in Athens on Monday to discuss with Greece and Bulgaria a long-delayed trans-Balkan oil pipeline, envisaged to decongest the busy Bosphorus Straits. The 700 million euro ($897.1 million) project, which has stumbled on horse-trading between the three countries involved for about a decade, was planned to bring cheaper Russian crude to the Mediterranean and strengthen Moscow's grip on the region's energy market. Greek...


Word of the Day
barratry
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.
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