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Sarmatia and Granherne Sign Contract to Develop Feasibility Study Project of Euro-Asian Oil Transporting Corridor

Oil&Gas Materials 15 April 2008 16:39 (UTC +04:00)

Ukraine, Kiev, 15 April / Trend corr. Z.Novosvitski / The international pipeline enterprise Sarmatia and American company Granherne Ltd. signed a contract to develop the technical-economic feasibility study project of the Euro-Asian oil transporting corridor (Odessa-Brodi-Plotsk-Gdansk).

According to UNIAN, the document was signed by the representatives of companies, which was duly attended by Ukrainian President Viktor Yushenko and Poland's Lekha Kachinski.

Feasibility study of the project Odessa-Brodi will also include economic assessment of the construction of oil refinery in Ukraine. Yushenko stated that the first results of feasibility studies will be heard during the energetic summit in Kiev.

The idea to construct a Euro-Asian oil transporting corridor Odessa-Brodi-Plotsk-Gdansk emerged in the mid of 1990s. Construction of a new transport corridor was expected, which would transport oil from the Caspian Sea to the countries of West and Central Asia.

On 23 May 2003, the joint declaration of the Council of Ministers of Poland, Cabinet of Ministers of Ukraine and European Commission on Support to the project was signed in Brussels.

On 12 July 2004, an International pipeline enterprise Sarmatia along with the participation of PERN Przyjazn S.A. and Ukrtransneft OJSC in Warsaw was established.

The framework business-plan was developed from the grants allocated to Ukraine by European Commission and International consulting consortium SWECO-ILF-Kantor. Business-plan reflected several oil delivery routes from the Caspian region to the European outlet by using the pipeline Odessa-Brodi-Plotsk-Gdansk.

The Ministries of Azerbaijan, Georgia, Lithuania, Poland and Ukraine have signed an agreement on cooperation in the energy sector, as well as agreement on joining of GOGC Llc., SOCAR and AB Klaipedos Naft to Sarmatia during the Energetic summit in Vilnius on 10 October 2007.

The authorized capital of the company was increased from 2mln to 9mln zloty. PERN Przyjazn S.A., Ukrtransneft, GOGC Llc. and SOCAR became owners with 24.75% shares each, but Klaipedos Nafta of only 1%.

The urgent convention of Sarmatia was held in Warsaw on 24 January 2008.

In March 2008 Sarmatia ( Azerbaijan, Georgia, Ukraine, Lithuania and Poland) held a tender to specify the executive of feasibility study of the project Odessa-Brodi, which was announced on 30 March and the American company Granherne came out as the winner of this tender.

The correspondent can be contacted at: [email protected]

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