May 12, 2007

One Word: Bypass

Not that Russia's browbeating of Estonia, or Ukraine, or Georgia, have anything to do with this story -- but why pay for your neighbor's sour milk when you can have your own cow?

"KIEV, May 12 (Itar-Tass) - Ukraine, Azerbaijan, Georgia, Lithuania, Poland and Kazakhstan have decided to begin work on an intergovernmental agreement on supplies of Caspian crude oil to Europe, the press service of the Polish president said upon the results of the energy summit in Krakow.

"The agreement will regulate participation of governments and companies of these countries in the project of a corridor for transportation of Caspian oil to the European and global markets via Odessa-Brody-Plock-Gransk pipeline, the press release said. All the participating countries except Kazakhstan were represented by their presidents. However, the communique of the Krakow summit does not contain any specific details on construction of the Plock-Gransk section of pipe that exists only on paper at the moment."

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