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East Siberia-Pacific Ocean Oil Pipeline Project
pipelineOil
Cities
Taishet
Russia
Skovorodino
Russia
Vladivostok
Russia
Mohe
China
Daqing
China
Distance
5700km
new
5700kmrehabilitated
– kmexisting
– kmCost
$30b
$30,000,000,000
Phases
operational, 2011
Objective
Description
The East Siberia–Pacific Ocean (ESPO) pipeline is a major Russian oil export pipeline system transporting crude oil from eastern Siberian oil fields to Russia’s Pacific coast and to China through a dedicated branch line. The project was jointly supported through an 2009 oil-for-loan agreement.Finance
$25000000000 loan
China Development Bank
Development bank
Contractors
Transneft
Company
China National Petroleum Corporation
Company