A decade old proposal to ship Caspian oil from Odesa to Poland gets a boost

A decade old proposal to ship Caspian oil from Odesa to Poland gets a boost with a new feasibility study that cuts construction costs by one quarter, to EUR 360 million, Azerbaijan’s Trend News Agency reports. Known as the Sarmatia pipeline, the project would close a 377 km gap between two existing pipelines — one in Brody, Lviv region, and the other in Plock, central Poland. Supported by Azeri, Georgian, Polish, Ukrainian and Lithuanian energy companies, the project would give Caspian oil exporters a new route to Central Europe. Sergei Skripka, Sarmatia International Pipeline Company CEO, says the pipeline would be funded 30% by the company founders and, ideally, by the European Investment Bank.