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Brody-Plock pipeline’s feasibility study to be updated by late 2016

Economy Materials 5 July 2016 20:12 (UTC +04:00)

Baku, Azerbaijan, July 5

By Maksim Tsurkov – Trend:

It is planned to finish updating the feasibility study of the Brody-Plock oil pipeline construction project by late 2016, Director General of the Sarmatia International Pipeline Company Sergei Skripka told Trend July 5.

He added that Germany’s ILF Consulting Engineers (ILF) will be engaged in updating the feasibility study.

“ILF has already started working to update the existing feasibility study and the EIA [environmental impact assessment] for the Brody-Plock oil pipeline,” said Skripka. “The contractor [ILF] is to complete the work before late 2016.”

The Brody-Plock oil pipeline is currently the only incomplete part of the Euro-Asian Oil Transportation Corridor (EOTC). The EOTC project will give the Caspian states an additional reliable route for their oil supplies to the European markets, as well as new customers and opportunities to work in adjacent markets.

Participants of Sarmatia are the State Oil Company of Azerbaijan (SOCAR), Georgian Oil and Gas Corporation Ltd (GOGC), Ukrainian UkrTransNafta, Polish Przedsiebiorstwo Eksploatacji Rurociagow Naftowych Przyjazn SA and Lithuanian AB Klaipedos Nafta.

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Follow the author on Twitter: @MaksimTsurkov

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