Quantcast
Last updated on April 21, 2014 at 9:20 EDT

Latest Eastern Siberia–Pacific Ocean oil pipeline Stories

2012-09-04 06:22:50

MANCHESTER, N.H., Sept. 4, 2012 /PRNewswire/ -- EagleBurgmann, a Freudenberg Group company, is supplying special seals for most of the pumping stations on the ESPO (East Siberia Pacific Ocean) pipeline. The involvement of EagleBurgmann is an example of Freudenberg's concerted expansion in the oil and gas production field. ESPO (East Siberia Pacific Ocean) is a mammoth pipeline project. The pipeline, with a length of almost 5,000 kilometers, is being built in the East of Russia...

2011-02-21 08:04:00

MOSCOW, Feb. 21, 2011 /PRNewswire/ -- Russia's Eastern Siberian Pacific Ocean (ESPO) crude oil, which first started serving Asian markets in December 2009, pushed further onto the global oil stage in early 2011 with the start of regular exports to China, according to a report released today by Platts, a leading global energy and metals information provider. A total of 1.318 million metric tons (mt) of ESPO, or the equivalent of 311,643 barrels per day (b/d), were delivered to China in...

2009-11-24 04:10:00

MOSCOW, Nov. 24 /PRNewswire/ -- Argus, the international energy price reporting agency, has begun regular coverage of the new Russian East Siberia-Pacific Ocean (ESPO) Blend crude oil. Reliable information on prices, loadings, shippers, pipeline tariffs and market development will be available to subscribers of the Argus Crude daily market report. The completion of the ESPO pipeline will enable exports of Russian crude from a new oil terminal at Kozmino in Russia's far east. Kozmino is...

2008-10-16 03:00:18

Russia-based vertically integrated oil company TNK-BP has commenced deliveries of crude oil produced at the Verkhnechonskoye field to the East Siberia-Pacific Ocean Pipeline. TNK-BP and Rosneft are the major shareholders of Verkhnechonskneftegaz (VCNG), the operator of the project. In 2008 production at Verkhnechonskoye field (VC) is expected to reach 2,500 tons per day. In 2009, the project is expected to produce in excess of 1 million tons. Cumulative investment in the project has now...

2008-10-10 03:00:29

By Anonymous Transneft President Nikolai Tokarev recently met South Korean officials to negotiate financing the construction of the East Siberian oil pipeline. The pipeline will connect Taishet, in central Siberia, to Perevoznaya on the Pacific coast close to Russia's border with China. There will be 44 oil pumping stations along the 4,130-km route. The 1,200-mm pipeline will have the capacity to transport up to 80 MMt/a of oil for shipments to China and Japan, as well as to South Korea,...

2008-10-07 18:00:30

MOSCOW. Oct 7 (Interfax) - The Russian Energy Ministry thinks that the East Siberia - Pacific Ocean (ESPO) pipeline project should receive state financial support. "The ESPO project should receive some kind of state support," Energy Minister Sergei Shmatko told journalists on Tuesday. The minister noted that it is "rather dangerous" to resolve problems with the infrastructure building by means of a tariff. Currently, the possibility of joint funding of the project is being studied, he...

2008-10-07 18:00:30

ALMATY. Oct 7 (Interfax) - Kazakhstan has not discussed the amount of its oil that could be pumped through the East Siberia - Pacific Ocean (ESPO) pipeline. "This is a theoretical possibility. We did not discuss specific amounts of oil," Kazakh Energy and Mineral Resources Minister Sauat Mynbayev said at the KIOGE conference in Almaty on Tuesday. It was reported earlier that Russian Energy Minister Sergei Shmatko said that Kazakh national oil transportation company KazTransOil is "very...

2008-10-06 18:00:30

TALAKAN (Yakutia). Oct 6 (Interfax) - Transneft (RTS: TRNF) started up an 1,100-kilometer segment of Eastern Siberia-Pacific Ocean pipeline (ESPO) on Saturday. It is the first segment of the pipeline to be put in operation. Transneft head Nikolai Tokarev said the company would maintain its operational tempo and complete the first phase of ESPO in December 2009. The ribbon-cutting ceremony was held at pump station No. 10 at the Talakan field. Deputy Prime Minister Igor Sechin, Energy...

2008-10-03 21:00:19

MOSCOW. Oct 3 (Interfax) - Russian-British joint venture TNK-BP (RTS: TNKO) plans to start shipping oil from the Verkhnechonsk field in the Irkutsk region to the East Siberia-Pacific Ocean (ESPO) oil pipeline in October, said Viktor Vekselberg, a TNK-BP co-owner and chairman of the Renova Group's board of directors. "We will complete the first stage with the realization of the Verkhnechonsk project in the Irkutsk region in October and intend to link up the already completed ESPO section to...

2008-10-02 18:00:26

ST. PETERSBURG. Oct 2 (Interfax) - The first flows of oil from the Talakan field, owned by Surgutneftegas (RTS: SNGS), have reached the East Siberia-Pacific Ocean (ESPO) oil pipeline, Russian Energy Minister Sergei Shmatko told the Petersburg Dialog forum on Thursday. "A new oil-bearing province has started operating in Russia. Oil has been arriving from East Siberia's Talakan field for two days now," he said. Surgutneftegas did not comment to Interfax on the energy minister's statement,...