Transneft: ESPO investment return might take up to 25 years
Edited by Rhod Mackenzie / 2015-03-23 11:56:50
ESPO is a large investment project that solves not only economic but Government goals, the head of Transneft’s strategic development department, R. Mingazetdinov, said.
Transneft plans to return the investment into ESPO within 20-25 years, advisor of the President of Transneft, I. Demin said.
The average period of a project’s pay back is 17-20 years. With ESPO it might take up to 25 years, I. Demin said.
“When in 2004 the decision on the construction of ESPO was made, it was political from the point of view of diversification of oil supplies. The period of pay back is long but the Government goals were settled there”, Mr. Mingazetdinov said.
