State-owned oil company Transneft completed on November 15, 2011, the construction and start-up testing of the facilities of the Baltic Pipeline System (BPS-2), the Company said Tuesday.
The project Baltic Pipeline System-2 is being implemented in line with the Russian Government’s order (November 26, 2008). Transneft has constructed the 1000 km pipeline of capacity of 38 million tons of crude oil a year (the first phase - 30m tons), five pumping stations (PS), reconstructed existing pumping stations - "Unecha" and "Andreapol," and completed Ust-Luga Oil Depot with tank farm of 8 tanks of capacity of 50000 cbm each. The BPS-2 first phase commissioning is scheduled for Dec. 2011.
The pipeline network runs on the territory of Bryansk, Smolensk, Tver, Novgorod and Leningrad regions of Russia.
Moscow-based Transneft is the state-owned Russian company responsible for the national oil pipelines. Transneft manages the largest oil pipeline system in the world, with a total network length of nearly 50,000 km. The company transports about 93% of the oil extracted in Russia.