Sarmatia Board Chairman resigns
Azerbaijan, Baku, June 8 / Trend E.Ismayilov /
International Sarmatia Company Board Chairman Marcin Jastrzebski resigned, Sarmatia CEO Sergey Skripka told Trend over a telephone.
Skripka told he filed a resignation appeal June 14. Skripka said Jastrzebski did not name the reasons for such decision.
Sarmatia was established July 12, 2004 by Ukrtransneft and PERN to attract investments for projecting and the construction of the Odessa-Borda pipeline up to Plotsk. Azerbaijan plays a major role in the Odessa-Brody- Plotts-Gdansk. However, Azerbaijan can work as a transit country and supply not only its own oil via the pipeline, but also oil from Central Asia, for instance from Kazakhstan.
The Odessa-Brody oil project plans to diversify oil supplies to Ukrainian refineries and transit facilities for the country's development. The construction of Odessa-Brody was completed in May 2002. The pipeline has a length of 674 kilometers and a diameter of 1,020 millimeters. The pipeline and the terminal's capacity are 9-14 million tons per year.
Shareholders of Sarmatia include the State Oil Company of Azerbaijan (SOCAR), Georgian Oil and Gas Corporation (GOGC), Ukrainian Ukrtransnafta, Polish Przedsiebiorstwo Eksploatacji Rurociagow Naftowych Przyjazn S.A. and Lithuanian Klaipedos Nafta with a stake of 24.75 percent belonging to each major participant and one percent to Lithuanian company.
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