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. Last Updated: 07/27/2016

Russia Oil Flows to Odessa Until 2009

NEW YORK -- Ukraine will continue to allow Russian oil to be transported through its pipeline from Brody, near Poland, to the Black Sea port of Odessa until at least 2009 because it needs more time to negotiate with potential consumers and suppliers of Caspian crude.

Between 5 million and 9 million tons of oil will flow through the pipeline next year alone, Naftogaz Ukrainy official Kostinatyn Borodin said.

"Russia is interested in using this pipeline" for sending its oil via Ukraine to Odessa and then to the rest of the region, Borodin said. "There is a guarantee that we won't be able to begin shipping Caspian oil during the next three years."

The $500 million oil pipeline, which was completed in 2001, was idle until TNK-BP started using it to transport Russian oil to the Black Sea in 2004.