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Transneft may delay launch of Siberian pipeline network by 3 years

September 16, 2014, 16:51 UTC+3 MOSCOW
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MOSCOW, September 16. /ITAR-TASS/. Russian oil pipeline monopoly Transneft has warned that it postponed the deadlines for launches of the Zapolyarye-Purpe and Kuyumba-Taishet oil pipelines in Siberia for two to three years, the company’s official representative Igor Dyomin told reporters Tuesday.

The delay may occur because oil companies did not provide Transneft with warrants for volumes of oil pumping and reports with deadlines of their deposits’ launch, Dyomin said. Oil companies do not rule out changes in their plans because of Western sanctions.

Vedomosti business daily reported in August that Transneft prepared contracts for oil pumping through the Zapolyarye-Purpe and Kuyumba-Taishet pipelines on the principle of pump or pay.

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