UK company to prepare new feasibility study for Brody-Plock oil pipeline

Economy Materials 5 February 2016 16:14 (UTC +04:00)

Baku, Azerbaijan, Feb. 5

By Maksim Tsurkov - Trend:

The UK Granherne Limited company will upgrade the feasibility study of the Brody-Plock oil pipeline construction project, director general of the Sarmatia International Pipeline Company Sergei Skripka told Trend.

He said that despite the fact that the company has been already defined, a contract with it hasn't been signed yet.

"The Granherne company prepared the previous feasibility study on this project as well, and are very pleased with it," said Skripka. "The contract with the customer to upgrade the feasibility study is expected to be signed in February."

The Brody-Plock (Adam's gate) oil pipeline is currently the sole missing part of the Euro-Asian Oil Transportation Corridor (EOTC). As a result of realization of this project, the Caspian states will receive an additional reliable route for their oil supplies to the European market, new customers, and opportunities to work in adjacent markets will also expand.

The studies on the choice of a route for the future Brody-Adam's gate oil pipeline have been completed. The route's total length will be 377 kilometers, some 120 kilometers of the pipeline being built in Ukraine, and 257 kilometers in Poland.

The Ukrainian company Ukrtransnafta and the Polish company PERN Przyjazn established IPE Sarmatia on July 12, 2004.

The 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 S.A. and Lithuanian AB Klaipedos Nafta. The share of the main participants is 24.75 percent each, while the Lithuanian company has a one percent share.

Odessa-Brody oil transport project was aimed at diversification of the oil supply to Ukrainian refineries and developing the country's transit opportunities. The construction was completed in May 2002.

The length of the pipeline is 674 kilometers, while the diameter of the pipe is equal to 1,020 millimeters.