Published on Saturday 14th November 2009
A pipeline set to connect Austria and Slovakia may present a range of oil and gas recruitment prospects.
Last month, a deal was signed between Slovakias economy minister Lubomir Jahnatek and his Austrian counterpart Reinhold Mitterlehner.
The agreement will see their oil pipeline networks connected through the construction of a new conduit the BratislavaSchewat pipeline.
Slovakian company Transpetrol and Austrian firm OMV AG will combine in the joint venture to produce the conduit.
According to the officials, this will link the Friendship pipeline that delivers crude oil from Russia to Slovakia and connect it with a Schwechat refinery.
The channel will be 62kilometres in length and construction is expected to begin in 2012.
Furthermore, the line will have a capacity of 5 MMt/a.
Elsewhere in the region, Sweden and Denmark recently gave their assent to the construction of the Nord Stream Project in their waters.
Following environmental examinations, Denmark agreed to have the conduit in its sphere of influence.
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