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TRANSPORTATION OF OIL TO THE FAR EAST WON'T BE CHEAP

A&G Information Services,  November, 2004  

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A&G Information Services 11-22-2004 TRANSPORTATION OF OIL TO THE FAR EAST WON'T BE CHEAP ST.PETERSBURG, RUSSIA, Nov 22, 2004 (A&G News via COMTEX) -- The president of "Transneft", Semen Vainshtok for the first time has named the cost of oil transportation along the route from Eastern Siberia to the Pacific Ocean.

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This project the company is considering now. At first it will amount to $47 per ton ($6,4/barrel), then after paying off of credits, which will be taken for constructing the oil pipeline, it can decline twice. According to "Transneft" ...

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