ESPO branch to China could be finished ahead of schedule - Sechin
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The construction of a branch from the East Siberia - Pacific Ocean oil pipeline to China than late 2010 - the deadline, documented in an intergovernmental agreement, Deputy Prime Minister Igor Sechin said according to Interfax. could be finished earlier
The intergovernmental agreement, signed on Tuesday, says that the construction of the branch must begin in late April 2009 and end in late 2010.
"This work is to be finished in 2010. I think, the efficiency typical of our cooperation with China, will makes itself felt here and the pace of construction will be faster," Sechin said.
Transneft (RTS: TRNF), the operator of the construction of the Russian stretch of the pipeline, has started building the branch already, he said. The physical construction of the pipeline is underway.
The work is continuing to build a pumping facility near Skovorodino. A reservoir park and workers' towns are being built," Sechin said.