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.
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…
Peak Oil Review 8 July 2019
Quote of the Week “Those production gains came even as the rig count has continued to slide. Longer laterals and more intense fracking operations have led to years of soaring output. The problem for shale companies is that the profits have never really arrived. The downturn in oil prices since the fourth quarter of last…
Icebreaker Diplomacy: Russia’s New-Old Strategy to Dominate the Arctic
Russia’s Baltic Shipyard (St. Petersburg) held a grand ceremony, on May 25, to celebrate the launching of the nuclear-powered Project 22220 (LK-60Ya) icebreaker Ural (Geoenergetika.ru, May 27, 2019). Following the festivities, Russian Central Bank head Elvira Nabiullina stated that the event would be further commemorated by issuing a special coin hailing the new Project 22220…