Russia unveils $25 bn oil link to Pacific
- Published: 25 Dec 2012 at 15.46
- Online news: World
Russian President Vladimir Putin on Tuesday unveiled the final extension of a new $25 billion oil pipeline to the Pacific that underscores the energy power's gradual shift away from stagnant European markets.
Russian President Vladimir Putin, pictured during a press conference in Brussels, on December 21, 2012. Putin has unveiled the final extension of a new $25 billion oil pipeline to the Pacific that underscores the energy power's gradual shift away from stagnant European markets.
The East Siberia-Pacific Ocean (ESPO) link is also expected to expand sales to the United States and fulfil Putin's dream of cementing Russia's place as a dominant force in international crude markets.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.
