The Pan-European Oil 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.
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.[1] On 22 April 2008 Romanian, Serbian and Croatian companies signed an agreement establishing the Pan-European Oil Pipeline Project Development Company (PEOP PDC).[2] On 10 July 2008 Shareholders adopted the Statute and appointing the Managing Board of the PEOP PDC Plc.[3]
The 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 Serbia is also politically motivated so as to decrease its dependence on crude oil supply from Croatia.[4]
In 2006, the Government of Slovenia did not support the project because the 29 kilometres (18 mi) long stretch would pass the environmentally sensitive Karst terrain and no national interest exists regarding oil supply.[5] Nevertheless, Slovenian representatives in 2009 expressed support for the project.[6]
On January 15, 2010, JANAF decided to freeze its involvement in PEOP. The Romanian and Serbian companies responded by saying they would still build the pipeline from the Black Sea to the Pančevo refinery.[7]
Technical descriptionedit
The 1,856 kilometres (1,153 mi) long pipeline is expected to cost about €3.5 billion. The capacity of the pipeline will be 1.2 million and 1.8 million barrels per day (~6.0×10^7 and ~9.0×10^7 t/a). It is planned to be operational by 2012.[8]
Project companyedit
The pipeline project is developed by the London-registered Pan-European Oil Pipeline Project Development Company, comprising Romanian companies Conpet Ploiești and Oil Terminal Constanța, Serbian company Transnafta and Croatian company JANAF. One of the main purposes of the company is promotion of the Pan European Oil Pipeline and subsequently attracting new investors.[4] Italian and Slovenian companies are invited to participate in the project.[2]
^"PEOP se neće graditi bez Janafa". Poslovni dnevnik (in Croatian). 2010-02-17. Retrieved 2010-12-03.
^ Ivana Sekularac (2008-06-04). "Funds still short for Pan-European Oil Pipeline". Reuters. Retrieved 2008-08-22.
External linksedit
Wikinews has related news:
Construction for Romania-Italy pipeline to start in 2007
January 01, 1970
european, pipeline, peop, proposed, pipeline, from, constanţa, romania, serbia, croatia, rijeka, from, there, through, slovenia, trieste, italy, pipeline, bypass, turkish, straits, transportation, russian, caspian, central, europe, trieste, pipeline, will, con. The Pan European Oil 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 Pan European Oil PipelineLocation of Pan European Oil PipelineLocationCountryRomania Serbia Croatia Slovenia ItalyGeneral directioneast westFromConstanțaPasses throughRijekaToTriesteGeneral informationTypeoilPartnersConpet Ploiești Oil Terminal Constanța Transnafta JANAFOperatorPan European Oil Pipeline Project Development CompanyTechnical informationMaximum discharge1 8 million barrels per year Contents 1 History 2 Technical description 3 Project company 4 See also 5 References 6 External linksHistory editThe 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 1 On 22 April 2008 Romanian Serbian and Croatian companies signed an agreement establishing the Pan European Oil Pipeline Project Development Company PEOP PDC 2 On 10 July 2008 Shareholders adopted the Statute and appointing the Managing Board of the PEOP PDC Plc 3 The 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 Serbia is also politically motivated so as to decrease its dependence on crude oil supply from Croatia 4 In 2006 the Government of Slovenia did not support the project because the 29 kilometres 18 mi long stretch would pass the environmentally sensitive Karst terrain and no national interest exists regarding oil supply 5 Nevertheless Slovenian representatives in 2009 expressed support for the project 6 On January 15 2010 JANAF decided to freeze its involvement in PEOP The Romanian and Serbian companies responded by saying they would still build the pipeline from the Black Sea to the Pancevo refinery 7 Technical description editThe 1 856 kilometres 1 153 mi long pipeline is expected to cost about 3 5 billion The capacity of the pipeline will be 1 2 million and 1 8 million barrels per day 6 0 10 7 and 9 0 10 7 t a It is planned to be operational by 2012 8 Project company editThe pipeline project is developed by the London registered Pan European Oil Pipeline Project Development Company comprising Romanian companies Conpet Ploiești and Oil Terminal Constanța Serbian company Transnafta and Croatian company JANAF One of the main purposes of the company is promotion of the Pan European Oil Pipeline and subsequently attracting new investors 4 Italian and Slovenian companies are invited to participate in the project 2 See also edit nbsp Croatia portal nbsp Energy portal Burgas Alexandroupoli pipeline AMBO pipeline Baku Tbilisi Ceyhan pipelineReferences edit Pan European Oil Pipeline Agreement Signed Environment News Service 2007 04 03 Retrieved 2007 04 06 a b Romania Croatia Serbia Sign Oil Pipeline Deal AFP 2008 04 22 Retrieved 2008 08 22 Meeting of PEOP project development company shareholders held in Zagreb AFP 2008 07 10 Archived from the original on 2011 07 21 Retrieved 2008 08 22 a b Pan European Oil Pipeline Romania halts construction of PanEuropean pipeline ACT Media News Agency 2006 04 13 Retrieved 2007 04 08 Beograd Potpora izgradnji PEOP a Poslovni dnevnik in Croatian 2009 04 22 Retrieved 2010 12 03 PEOP se nece graditi bez Janafa Poslovni dnevnik in Croatian 2010 02 17 Retrieved 2010 12 03 Ivana Sekularac 2008 06 04 Funds still short for Pan European Oil Pipeline Reuters Retrieved 2008 08 22 External links editINOGATE Map of Crude Oil Pipelines in Europe nbsp Wikinews has related news Construction for Romania Italy pipeline to start in 2007 Retrieved from https en wikipedia org w index php title Pan European Oil Pipeline amp oldid 1131719384, wikipedia, wiki, book, books, library,
