Tuesday, April 15, 2008

Oil: Poland and Ukraine to proceed with pipeline from Azerbaijan

Poland and Ukraine are keen to proceed with an oil pipeline project from Azerbaijan in an effort to lessen their dependency on Russian energy supplies. Local media reported the news following a meeting between Polish President Lech Kaczynski and his Ukrainian counterpart Viktor Yuschenko in Warsaw on Monday.

Both heads of states signed an accord for the construction of an oil pipeline from the Polish-Ukrainian border to the Baltic Sea port of Gdansk.

As part of the pipeline project, oil from Azerbaijan is to be transported via Georgia to the Black Sea where it is to be shipped to the Ukrainian port city of Odessa.

An existing pipeline from Odessa will pipe the oil to the Polish town of Brody where a planned pipeline extension will supply the oil to Gdansk.

Georgia and Lithuania are also involved in the project.