facebook
twitter
rss
account
search
search
 

TNK-BP plans Yamal oil pipeline

Aug. 24, 2012 at 6:59 AM   |   Comments

MOSCOW, Aug. 24 (UPI) -- A member of the TNK-BP group of companies in Russia announced plans for a tender for the construction of an oil pipeline system from the Yamal district.

Rospan International, a member of the TNK-BP group, said the 232-mile pipeline would transport oil from the Yamal-Nenets autonomous district.

"This is one of the biggest infrastructure projects in the region and will be of great significance for the company's future," Olga Malyshkina, a vice president for supply chain management, said in a statement.

In February, TNK-BP announced plans to finish a drilling campaign in the Yamal-Nenets region to access some 2.25 billion barrels of oil.

Regional production has been low because of a lack of export options.

TNK-BP is the third-largest Russian oil producer.

The Yamal Peninsula is set to become a new production center for processing of liquefied natural gas. The development of the Sakhalin-Khabarovsk-Vladivostok pipeline and other liquefied natural gas hubs in the region are top developmental priorities for Russian natural gas company Gazprom.

More than 85 percent of LNG deliveries from Gazprom were to Asia-Pacific countries in 2011.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
U.S. Air Force orders more RQ-4 Global Hawks U.S. Air Force orders more RQ-4 Global Hawks
2
Talon rocket in full-rate production for UAE Talon rocket in full-rate production for UAE
3
Hotel chain suspending sponsorship of Minnesota Vikings Hotel chain suspending sponsorship of Minnesota Vikings
4
EU, Kiev, Moscow gas talks suspended EU, Kiev, Moscow gas talks suspended
5
Chevron gas line closed after accident Chevron gas line closed after accident
Trending News
Video
x
Feedback