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—
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review