A private Chinese company plans to build the country’s first oil pipeline to Russia underscoring growing Chinese interest in tapping Siberian petroleum resources. The planned 30km project would link railway lines between Heihe in NE China’s Heilongjiang province and the eastern Siberian city of Blagoveshchensk. The line is to be built by Heihe-based Xinghe Industries in cooperation with the Lanta Oil Co. of Moscow at a cost of USD 64 million. It is expected to begin operations in September 2006 with an annual capacity of 3 million tons (21 million barrels), increasing to 5 million tons by 2008.
Looking for more projects or tenders? This is just the tip of the iceberg! Subscribe to our Projects & Tenders newsletter. If the above link does not work, please visit the following website: www.projectsandtenders.com
