Wednesday, June 1, 2011

Putin wants to build a new pipeline

The Ministry of Natural Resources and Environment (Minprorody), Department of Energy (Energy Ministry) and the state oil pipeline company Transneft, within three months to submit proposals to the Russian government on the parameters of the project pipeline Polar-Purpe The statement gave the Prime Minister Russia, Vladimir Putin. "Russian Energy Ministry and Ministry of Russia jointly with the company" Transneft "to submit, within three months in the Government of the Russian Federation proposals on the capacity and the timing of design and construction of the pipeline Polar Purpe-based data exploration and development of hydrocarbon deposits of the Yamal-Nenets autonomous district and Krasnoyarsk edge "- the document says. The document assumes that the pipeline will be built on the route of the Arctic (Yamal) - settlement Purpe (Yamal) - Samotlor (Khanty). Moreover, there are two phases of the project. In fact, the laying of pipes has already begun, "Transneft" in early March. The planned capacity of pipeline Purpe-Samotlor should reach 25 million tonnes, expandable to 50 million tons per year. Beginning of transportation of oil - the second quarter of 2012. According to the head of "Transneft" Nikolay Tokarev, the project will have to invest 47 billion rubles. Moreover, he noted that 17 billion rubles of this amount - company's own funds. Russian Energy Ministry estimates investment in the construction pipeline infrastructure within the framework of development of the resources of the Yamal-Nenets Autonomous District and the north of the Krasnoyarsk Krai at 190 billion rubles in 2020. The construction of the pipeline Polar-Purpe require 106 billion rubles by 2013, oil Purpe-Samotlor - 48 billion rubles in 2011. To finance the construction of a pipeline Polar-Purpe Tokarev proposes to hold an additional issue (ie to issue shares and sell them to the State) of "Transneft" to the state.

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