Wednesday, December 26, 2012

Russia unveils $25 bn oil link to Pacific

Russia unveils $25 bn oil link to Pacific

Moscow (AFP) Dec 25, 2012
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. 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 internationahttp://www.energy-daily.com/reports/Russia_unveils_25_bn_oil_link_to_Pacific_999.html

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