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Where there is no law, but every man does what is right in his own eyes, there is the least of real liberty
Henry M. Robert

BP Will Not Build Odesa-Brody Pipeline

6 March, 1999 - 00:00

By Oleksandr PALIY, The Day
The British Petroleum Company has officially notified the Ukrainian side
that it will not take part in the consortium being created to build the
Odesa - Brody - Gdansk pipeline and Pivdenny oil terminal near Odesa, Vladyslav
Tarashevsky, head of the Government Committee on Oil, Gas, and Oil-Processing
Industry, told Interfax Ukraine.

Ukrainian officials are negotiating with interested Polish structures
and with the European Bank for Reconstruction and Development to get loans
to complete construction. Mr. Tarashevsky is convinced that the consortium
will definitely be created this year.

After the decision was made that big Caspian oil would go through Turkey,
the main investment flow, naturally, will be put into the Turkish route.
As The Day's reporter was informed by Oksana Dombytska of British
Petroleum in Ukraine, the company, as a rule, does not invest in building
pipelines if there are alternative ways to transport oil. Moreover, the
company never volunteered to build the pipeline in Ukraine, Ms. Dombytska
added. The rumors of such participation may be explained by the fact that
some officials like to indulge in wishful thinking.

 

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