Brody-Plozk project does not guarantee payback, says polish shareholder

The connection of the Odessa-Brody oil pipeline with Polish Plozk and Gdansk cities does not guarantee payback and we will have to look for oil to fill it, admitted one of the key partners of the project – Polish PERN Przyjazn concern.

He expressed this opinion at the meeting of the shareholders of the international joint venture MRP Sarmatia, which was in charge of development of feasibility study of the pipeline project. As a result, the sides failed to agree on the items of the agenda, which were related to the funding and plans. 

The concern supports the project, but believes that the works schedule submitted by Sarmatia is unreal. “The project could not be completed till the end of 2015, which could have allowed us getting funding through “Infrastructure and Environment” program as a part of the European Union financial perspective,” the Polish company said. 

Odessa-Brody oil pipeline was built by Ukraine in 2001 to transport Caspian Oil to Europe bypassing Russia. The oil pipeline stands idle, because of lack of a branch to Poland. Ukraine hopes that Poland will complete construction of its own section of the oil pipeline.—0—

 

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