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Russia builds major oil terminal
Published: June 9, 2007 at 10:27 AM
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SKOVORODINO, Russia, June 9 (UPI) -- A terminal under construction in Russia's Amur region will be able to move 15 million tons of oil a year, Itar-Tass reported Saturday.
Each of the terminal's five railway tracks will be capable of receiving 71-car trains, the Russian news agency reported.
The terminal is part of the first stage of the Eastern Siberia-Pacific Ocean pipeline system from Skovorodino to Taishet.
The pipeline is to be more than 1,700 miles long and will be capable of handling 80 million tons of oil a year when completed, Itar-Tass said.
© 2007 United Press International, Inc. All Rights Reserved.
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NEW YORK, July 10 (UPI) --
Crude oil prices dropped below $60 per barrel on the New York Mercantile Exchange Friday, as the economic recovery appears to have stalled.
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