Brody-Plotsk project is one of elements strengthening relations between Ukraine and EU
Baku, Azerbaijan, March 3
By Emil Ismayilov - Trend:
Brody-Plotsk oil pipeline (Adam's gate) project, which is a part of the Euro-Asian Oil Transportation Corridor (EAOTC) is very important from the point of view of developing the European direction, supported by Ukraine, Sarmatia International Pipeline Company director general Sergei Skripka told trend on Feb. 28.
He was responding to a question about the possible impact of Ukraine's events for the implementation of the oil pipeline project.
As a result of the protests in Ukraine, President Yanukovych was ousted. The Verkhovna Rada approved the new government. It prepares for early elections.
"Of course, we deal with a project which is one of the elements of strengthening the relations between Ukraine and the European Union," he said. "It is very important."
Brody-Plotsk oil pipeline (Adam's gate) is an integral part of the Euro-Asian Oil Transportation Corridor (EAOTC).
The research on choosing the oil pipeline's future route has been completed. The length of the route will be 377 kilometers, some 120 kilometers of which will be built in Ukraine, and 257 kilometers in Poland.
At the moment Sarmatia's participants include the State Oil Company of Azerbaijan (SOCAR), the Georgian Oil and Gas Corporation Ltd. (GOGC), Ukrainian Ukrtransnafta, Polish Przedsiebiorstwo Eksploatacji Rurociagow Naftowych Przyjazn S.A. and Lithuanian AB Klaipedos Nafta. Each of the main participants has 24.75 percent of equity participation and the Lithuanian company has one percent.
Sarmatia IPC 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 Plotsk.
The Odessa-Brody oil transportation project was planned to diversify oil supplies to Ukrainian refineries and develop the country's transit potential. The pipeline's construction was completed in May 2002. The main line has a length of 674 kilometers, with a pipe diameter of 1,020 millimeters. The pipeline's and terminal's capacity is 9-14 million tons per year.
Translated by NH
Edited by CN