Guarantees of oil supply required for Odessa-Brody-Plock project

Guarantees of oil supply required for Odessa-Brody-Plock project

Azerbaijan, Baku, April 24 /Trend E.Ismayilov/

For the construction of Odessa-Brody-Plock oil pipeline which is part of the Euro-Asian Oil Transportation Corridor (EOTC), it is necessary for agreements to be signed between suppliers and consumers of raw materials from the Caspian Sea basin, UKRINFORM said quoting the chairman of the company operating the Drujba oil pipelines in Poland (PERN Przyjazn) Marcin Moskalevich.

At the same time the Polish side considers the construction of Odessa-Brody-Plock pipeline as promising.

"Without a doubt, international, inter-governmental agreements and those between suppliers and consumers of oil for whom the pipeline must be constructed should be the basis for the realisation of this project," Moskalevich said.

The success of the project depends on assurances of supply of Azerbaijani oil to 10 million tons per year.

The success of the Moskalevich project is dependent on assurances of supply of Azerbaijani oil to the amount of 10 million tons per year. "Unfortunately, no agreement for the supply of such quantities of oil has been signed yet despite the assurances from the Azeri side," he stressed.

As example of Poland's interest in this project can be the increase of authorisation from the international pipeline company Sarmatia, created specifically for the implementation of the EOTC by more than $1.8 million by the Polish side, Moskalevich said. "PERN Przyjazn would not dare to raise the capital of Sarmatia, if the EOTC project was not so important for it."

The Brody-Plotsk oil pipeline project was named as a priority in the EU Infrastructure and Environment Operational Programme. About 495 million zlotys (about 177 million euro) were allocated to the project under the programme.

Sarmatia was created by Ukrtransnafta and the Polish PERN Przyjazn company on July 12, 2004 to attract investments to design and complete the Odessa-Brody oil pipeline to Plock.
The Odessa-Brody oil transportation project sought to diversify oil supplies to Ukrainian refineries and develop the country's transit potential. The pipeline's construction was completed in May 2002. Its trunk has a length of 674 kilometres, with a pipe diameter of 1,020 millimetres. The pipeline's and terminal's capacity provided 9-14 million tons per year during the first stage.

Azerbaijani president's assistant talks Turkic Council media co-op's systematization
Azerbaijani president's assistant talks Turkic Council media co-op's systematization
Hungary considers Turkic Council member states important partners
Hungary considers Turkic Council member states important partners
Azerbaijan's victory in Second Karabakh War is victory for entire Turkic world - top official (UPDATE)
Azerbaijan's victory in Second Karabakh War is victory for entire Turkic world - top official (UPDATE)
Loading Bars
Latest
Volume of cargo loaded, unloaded in Iran’s Bandar Lengeh port announced
Turkmenistan’s growth of trade turnover in 1Q2021 announced
Turkish electrical goods' 1Q2021 export to Uzbekistan spikes
Azerbaijani president's assistant talks Turkic Council media co-op's systematization
Hungary considers Turkic Council member states important partners
Iran's Energy Exchange announces products to be on sale on April 11
Uzbekistan ready to actively partake in restoring Azerbaijan's liberated territories
Azerbaijan confirms 2,192 more COVID-19 cases, 1,554 recoveries
Turkey did its best in media coverage of Azerbaijan's Patriotic war - presidential administration
Azerbaijani president's assistant meets with Turkic Council's secretary-general
Briefing of Turkic Council's high-ranking media officials held in Baku (VIDEO)
Anti-Turkic campaigns periodically carried out - Azerbaijani president's assistant
Azerbaijan's victory in Second Karabakh War is victory for entire Turkic world - top official
Azerbaijan working to develop ties between Turkic states - president's assistant
Turkic Council developing roadmap for better co-op with Turkic-speaking countries
Turkic-speaking countries to continue to support Azerbaijan - Turkic Council
Armenia's refusal to provide maps of mines on Azerbaijan's lands is concerning - ambassador
Turkic Council's meeting held in Baku (PHOTO)
Iran reveals COVID-19 data for April 10
Kazakh, Uzbek PMs launch construction of new 'Central Asia' int'l co-op center
Turkish Ambassador: I've never separated Azerbaijan and Turkey, both are homeland to me
Buta Airways to Start Operating Flights to Zhukovsky Airport
Turkey's support for Azerbaijan in Karabakh war will always be in our memory - President Aliyev
Azerbaijan's MoD organizes visit for foreign military attaches to Air Force military unit
Turkish-Azerbaijani fraternal relations are at highest level today - President Aliyev
Iran's exports via Jolfa border checkpoint increase
Georgia reports 506 new coronavirus cases for April 10
SOCAR's capex to moderate due to SGC, STAR refinery’s commissioning
Certain licenses issued to setting up enterprises in Iran's Markazi Province
Turkey unveils 2M2021 data on freight, passenger traffic through Ankara Esenboga Airport
Azerbaijani oil prices up
Fitch Affirms SOCAR at 'BB+'
Turkmenistan's state budget revenues surpass initial forecast
Georgian TBC Leasing's secured debt rating equalizes with its Long-Term IDR
Azerbaijani president awards former Turkish ambassador with 'Dostlug' order
President Ilham Aliyev receives Turkish Ambassador to Azerbaijan Erkan Ozoral (PHOTO)
Turkmenistan's GDP grows in 1Q2021
Weekly review of Azerbaijani currency market
Iranian currency rates for April 10
Azerbaijan has favorable investment climate - Turkish MUSIAD
Azerbaijani Mine Action Agency continues to clear Gubadly, Zangilan, Jabrayil from mines
India reports a record 145,384 COVID-19 infections
Armenia set up booby traps on Azerbaijan's de-occupied lands - Mine Action Agency
Azerbaijan's rhythmic gymnasts 2-nd in online tournament organized by Finnish Gymnastics Federation
Azerbaijani gymnastics team captures silver in Egypt (PHOTO)
China's top market regulator imposes penalty on Alibaba Group over monopoly conduct
Iran's Isfahan producing 2,100 tons of medicinal herbs
Japanese entrepreneurs intend to increase imports of Kyrgyz honey
Austrian companies eye contribution to Georgian ports' expansion - ministry
Turkey reports 55,791 new COVID-19 cases
Germany to amend law for nationwide COVID-19 response
World Bank says Azerbaijan's consumer market to grow till 2023
Janssen's COVID-19 vaccine under EU review over blood clots
Number of COVID-2019 cases across globe up by over 718,000 in past day, says WHO
Poland's COVID-19 cases top 2.5 mln
Georgian-Lithuanian co-op facilitates freight transport between China, Europe - Ministry
US accelerator to provide Azerbaijani startup project with big investments
Eurowings to start flights from Dusseldorf to Georgia
NASA's Mars helicopter to attempt first flight
Health Minister hails vaccination in driving down COVID-19 severity in Turkey
Saudi-led coalition intercepts bomb-laden drone towards border city
Azerbaijani president expresses condolences to PM of UK
UN interested in intensifying ties with Azerbaijan - President of General Assembly
Azerbaijani FM, Sec-Gen of Turkic Council discuss issues of mutual interest (PHOTO)
"Georgia Capital" investment company to sell part of its business
Iran's only option on negotiation table - US lifting sanction - Iran’s ambassador to IAEA
Turkmen Helath Ministry opens tender for purchase of medical supplies
South Korean PM to visit Iran for Seoul-Tehran Cooperation
Speaker of Azerbaijani parliament meets with president of 75th session of UN General Assembly (PHOTO)
Azerbaijani president expresses condolences to Queen Elizabeth II
Azerbaijan clearing territory for new settlement of mines in Zangilan district
Azerbaijan aims developing use of wind energy
Russian, Turkish presidents call for restoration of transport infrastructure of South Caucasus
Azerbaijan actively participates in implementation of int’l projects within BTK and North-South corridors
State Oil Company of Azerbaijan digitizes information on oil and gas wells in corporate database
Azerbaijani, Turkish armies Joint Operational-Tactical Exercises end (PHOTO/VIDEO)
International Bank of Azerbaijan opens tender to buy network equipment
Russia always ready for settlement option supported by sides of Karabakh conflict - Foreign Ministry
State Oil Company of Azerbaijan hosts opening ceremony of Visualization Center (PHOTO)
Embassy of India organizes Interactive Webinar to promote Indian spices (PHOTO)
Bank Melli Iran’s branch in Azerbaijan completes Q1 2021 with profit
Uzbekistan receives status of GSP+ system's beneficiary
Turkmenistan's Turkmenhimiya SC opens tender for ammonium nitrate purchase
Turkish business’s interest in Azerbaijan’s Khachmaz district growing (PHOTO)
Azerbaijani defense minister meets with Turkish ambassador
Mine Terror: Armenia's terrifying deceit – Trend’s video project
Georgia and Israel agree on legal employment
President of VimpelCom points out necessity to observe balance between security and privacy on Internet
Latvia looks to promote further cooperation with Azerbaijan in education
U.S. producer prices surge in March
Development Bank of Kazakhstan looking to expand co-op with Turkish businessmen
Main reasons for drop in Kazakhstan's foreign reserves unveiled
Azerbaijan restores production of silk carpets
US, Azerbaijan, Turkey, Georgia to discuss further co-op on cargo transportation
Azerbaijan National Depository Center discloses volume of coupon payments to investors in March
Azerbaijan publishes latest data on vaccinated citizens
Turnover on payment cards in Azerbaijan spikes by late February 2021
Israel Canada to build 450 prestige homes in Hod Hasharon
Spain cuts 2021 growth forecast to 6.5% after first-quarter contraction
Azerbaijan's State Tax Service introducing innovations in its database processing system
All news