Lithuanians are not sure if oil will flow via alternative Sarmatia pipeline

July 31, 2007 at 12:10 pm 1 comment

Odesa BrodnyAs BNS informed the Lithuanian state-run oil product terminal operator Klaipedos Nafta (Klaipeda Oil) is set to become a shareholder of Sarmatia, an international company that will conduct a feasibility study for the planned Odessa-Brody-Plock oil pipeline, in early August and may help develop the project in the future.The agency stated that the project would open the way for Caspian oil supplies to Eastern Europe, bypassing Russia. However, it is not clear yet if oil-rich Kazakhstan will join the project, the Verslo Zinios business daily reported.

Verslo Zinios stated that to Poland’s PERN Przyjazn and Ukraine’s Ukrtransnafta, partners from Azerbaijan and Georgia are expected to take stakes in Sarmatia.Howebver according to the daily the Kazakhstan‘s participation remains in question. That country’s leader did not take part in the summit in Krakow in May, where the political decision to extend the pipeline from Ukraine to the Polish port of Gdansk was taken.

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Entry filed under: Baltic States, Central Europe, Energy, Lithuania, Northern Europe, Oil, Poland, Politics, Russia. Tags: .

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