Pan-European Pipeline

The Pan-European Pipeline (PEOP) is a proposed oil pipeline from Constanţa in Romania via Serbia and Croatia to Rijeka and from there through Slovenia to Trieste in Italy. The aim of the pipeline is to bypass Turkish straits in the transportation of Russian and Caspian oil to Central Europe. In Trieste the pipeline will be connected with the Transalpine Pipeline, running to Austria and Germany.

History

The project was originally proposed in 2002. Signing of the memorandum of understanding on the construction of the pipeline was several times delayed until on 3 April 2007 it was signed by officials of Croatia, Italy, Romania, Serbia, and Slovenia during an energy forum in Zagreb.cite news
publisher= Environment News Service
title = Pan-European Oil Pipeline Agreement Signed
url= http://www.ens-newswire.com/ens/apr2007/2007-04-03-03.asp
date = 2007-04-03
accessdate=2007-04-06] On 22 April 2008 Romanian, Serbian and Croatian companies signed an agreement establishing the Pan-European Oil Pipeline Project Development Company (PEOP PDC).cite news
publisher= AFP
title = Romania, Croatia, Serbia Sign Oil Pipeline Deal
url= http://www.romanianewswatch.com/2008/04/romania-croatia-serbia-sign-oil.html
date = 2008-04-22
accessdate=2008-08-22] On 10 July 2008 Shareholders adopted the Statute and appointing the Managing Board of the PEOP PDC Plc.cite news
publisher= AFP
title = Meeting of PEOP project development company shareholders held in Zagreb
url= http://hgd.mvpei.hr/news.aspx?id=56&newsId=2184
date = 2008-07-10
accessdate=2008-08-22]

Technical description

The convert|1856|km|mi long pipeline is expected to cost about €3.5 billion. The capacity of the pipeline will be bbl to t|1.2|and|1.8|mlt=M|per=d|t_per=a. It is planned to be operational by 2012.cite news
url= http://uk.reuters.com/article/rbssEnergyNews/idUKL0488037320080604
title= Funds still short for Pan-European Oil Pipeline
author = Ivana Sekularac
publisher= Reuters
date=2008-06-04
accessdate=2008-08-22]

Project company

The pipeline project is developed by the London-registered Pan-European Oil Pipeline Project Development Company, comprising Romanian companies Conpet Ploiesti and Oil Terminal Constanta, Serbian company Transnafta and Croatian) company JANAF. Italian and Slovenian companies are invited to participate in the project.

Political support

National governments of Romania, Serbia and Croatia are favorable about the project. Most engaged is the President of Romania, Traian Băsescu, who has cited a study estimating the benefits of the project for Romania over 20 years of operation in the range between US$2.27 to 4.39 billion. The Government of Slovenia does not support the project because the convert|29|km|mi long stretch will pass the environmentally sensitive Karst terrain and no national interest exists regarding oil supply.cite news
publisher= ACT Media News Agency
title = Romania halts construction of PanEuropean pipeline
url= http://www.gasandoil.com/goc/news/nte61845.htm
date = 2006-04-13
accessdate=2007-04-08]

ee also

* Burgas-Alexandroupoli pipeline
* AMBO pipeline
* Baku-Tbilisi-Ceyhan pipeline

References

External links

* [http://www.inogate.org/en/resources/map_oil INOGATE Map of Crude Oil Pipelines in Europe]

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