Transneft Siberia has obtained an approval from the Russian General Board of State Expert Review on the design documentation of the Surgut-Polotsk pipeline reconstruction.
The project stipulates for the replacement of a 20km line section of the Surgut-Polotsk main with a calibre at 1200 mm and further connection of the section to the operating pipeline.
The Surgut-Polotsk main is the oil pipeline connecting Russia’s Western Siberia to Belarus. The Siberian oil is transferred to Belarus via the pipeline and further imported to the Baltic countries and Poland. The length totals 3250km, while the carrying capacity exceeds 120 mtpa. The major consumer is NAFTAN.
Russia Says There’s Enough Oil in Global Stockpiles to Replace Lost Saudi Barrels
There is enough oil in global stockpiles to replace barrels Saudi Arabia has temporarily lost due to attacks on its oil facilities, Russia’s Energy Minister Alexander Novak, an ally of Riyadh in a pact to curb supply, told reporters on Monday. Following the strike on Saudi Arabia’s oil infrastructure, which shut about 5% of global…
Volume of SOCAR’s shipment via Georgian port disclosed
Presently, Azerbaijan state oil company SOCAR is the major supplier of natural gas, oil and oil products to Georgia. SOCAR’s subsidiaries are engaged in expansion and modernization of the country’s gas distribution systems, and development of filling stations under SOCAR’s brand. The company has an oil terminal in Georgia’s Kulevi Black Sea Port, which supplies…
EIA: This Week in Petroleum – 10 July 2019
Crude oil prices are forecast to remain relatively flat The U.S. Energy Information Administration (EIA) forecasts that Brent crude oil prices will average $67 per barrel (b) in 2019 and in 2020. EIA expects that West Texas Intermediate (WTI) crude oil prices will average $60/b in 2019 and $63/b in 2020. The forecast of relatively…