Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Crude oil pipeline Bratislava - Austria

THE CONSTRUCTION of a crude oil pipeline connecting refineries in Bratislava and the Austrian town of Schwechat should start in 2012, Slovak Economy Minister Ľubomír Jahnátek told a news conference after the signing of a memorandum on cooperation in the energy sector between Slovakia and Austria. He also said that necessary legislation should be adopted by Slovak lawmakers by the end of 2009, the SITA newswire reported.

THE CONSTRUCTION of a crude oil pipeline connecting refineries in Bratislava and the Austrian town of Schwechat should start in 2012, Slovak Economy Minister Ľubomír Jahnátek told a news conference after the signing of a memorandum on cooperation in the energy sector between Slovakia and Austria. He also said that necessary legislation should be adopted by Slovak lawmakers by the end of 2009, the SITA newswire reported.

“We will create conditions for prompt construction of the connecting pipeline,” Minister Jahnátek said, as quoted by SITA, adding that if preparatory steps can be completed faster, the construction will start even sooner.

The pipeline project will be carried out by the Slovak firm Transpetrol and Austria's OMV, which established a joint venture for this project called Bratislava-Schwechat Pipeline. Transpetrol holds a 74 percent stake in the venture and OMV owns 26 percent. The pipeline between Slovakia and Austria should be 62 kilometres long, 12 of which are in Slovakia. The transport capacity of the pipeline should range between 2.5 and 5 million tons of crude oil annually. The economy minister also said that the companies are expected to agree on financial details soon but he did not mention the volume of investment.

Austria wants to build the pipeline between the two countries so that it can directly import Russian crude oil.


The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Heavy rains flood the Tatras Video

People had to be evacuated and several hiking routes had to be closed.

Stará Lesná

Trump plays with the world like a spoiled child

The White House is now broadcasting its most spectacular soap opera, beating and overcoming those of sundry leaders from different continents and different times.

Donald Trump

Last Week in Slovakia: People marched for LGBTI rights in Bratislava Audio

Listen to all the headlines from The Slovak Spectator's news podcast.

Rainbow Pride in Bratislava

Government has no plans to officially commemorate the victims of the 1968 invasion of Czechoslovakia

Presidents of the Slovak and Czech Republics will take a train ride to mark the founding of the Czechoslovak State.

Law Faculty of Comenius University in Šafárikovo Square, where the civilian killings by foreign armies on August 21, 1968, were most concentrated.