Bloomberg News

Russia to Open Siberian Oil Pipeline This Month, Feeding ESPO

October 05, 2011

Oct. 5 (Bloomberg) -- OAO Transneft, Russia’s state-run oil pipeline operator, plans to open a link later this month that will help boost exports to Asia from OAO Rosneft’s Vankor field.

The 430-kilometer (270-mile) Purpe-Samotlor pipeline in northern Siberia will be able to carry 25 million metric tons of oil a year, Transneft spokesman Igor Dyomin said today by telephone. Its start date has been brought forward to Oct. 25 from next year.

The pipeline will shorten access to the East Siberian Pacific Ocean, or ESPO, link that delivers Siberian oil to Asia and the Pacific.

Transneft plans to increase the capacity of the ESPO to 50 million tons a year by 2013 from 30 million tons.

--Editors: Stephen Cunningham, Amanda Jordan.

To contact the reporter on this story: Stephen Bierman in Moscow sbierman1@bloomberg.net.

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net.


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