Urals | Materials, extraction

Transneft’s oil pipe in Yamalo-Nenets District is to cost $4bn

17 Jan '11
Oil pipe monopoly Transneft estimates investment into construction of Zapolyarye – Purpe oil pipeline in Yamalo-Nenets Autonomous District at $4bn, the company reports.

Under plans, the project is to be co-financed by partnering oil companies, such as Gazprom Neft, LUKOIL, TNK-BP and Gazprom.

Transneft has reportedly founded a new firm – Zapolyarye – to carry out the project.

Further timeframes for the project, including its timeframes, have yet to be disclosed.
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