Nord Stream clears final hurdle in oil pipeline project

Gazprom, the world’s largest natural-gas producer, won its last permit to build a $10-billion pipeline to Germany after a Finnish regional agency today approved Nord Stream AG’s construction of the pipeline under the Baltic Sea, writes Bloomberg.

Greek opposition to seek better terms for oil pipe deal with Russia

A candidate to the post of the Greek prime minister and the head of opposition party said on Thursday he would seek better terms for the Burgas-Alexandroupolis oil pipeline project.

Greek opposition backs Burgas-Alexandroupolis oil pipeline

The Greek opposition Party PASOK (Panhellenic Socialist Movement) supports the Burgas-Alexandroupolis oil pipeline project, the party leader said Sunday.

Belarus invited to take part in extension of Odessa-Brody oil pipeline

August 24, 2009 Ukraine is inviting Belarus to take part in a project to extend the Odessa-Brody ...

Lithuania refuses give up Klaipedos Nafta for privatization by PKN Orlen

The Polish concern PKN Orlen, which owns the oil refinery Mazeikiu Nafta, would like to build an oil pipeline from Mazeikiai to Klaipeda, but it wants to manage Klaipedos Nafta for that. The Lithuanian Government is against of Klaipedos Nafta’s privatization, informs LETA.

Sberbank grants Transneft $382.6 million loan

Russia's state savings bank Sberbank has issued a 11.9 billion ruble ($382.6 million) loan to oil pipeline monopoly Transneft, the bank said Monday.

What the Russian papers say

MOSCOW, July 23 (RIA Novosti) Gazprom's July exports may beat records / VIPs congregate in Thailand for regional ASEAN forum / Joe Biden criticizes Ukrainian government / Belarus says Russian oil products pipeline threatens environment

Belarus plans to restart oil pipeline to Latvia on Aug. 5

The Belarusian section of a diesel pipeline from Russia to Latvia is expected to resume operation on August 5 following regular maintenance procedures, the Russian government's press service said on Wednesday.

Russia to launch Baltic oil pipeline in late 2011 - deputy PM

The Baltic Pipeline System (BTS)-2, designed to pump oil from western Russia's Bryansk Region to the Leningrad Region, will start operating in late 2011, a Russian deputy prime minister said on Wednesday.

Transneft oil pipeline company posts 12% net profit rise in 2008

Russian pipeline operator Transneft said on Tuesday its net profit calculated to International Financial Reporting Standards increased 12%, year-on-year, in 2008 to 72.53 billion rubles ($2.3 billion).