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. Last Updated: 07/27/2016

Plan for Black Sea Pipeline Revived

NOVOROSSIISK -- Oil products pipeline firm Transnefteproduct, or TNP, has revived a mothballed plan to export diesel to the Black Sea but has chosen a different port, a company executive said Thursday.

TNP had shelved the long-planned southern diesel export pipeline and said it would only build a link to the port of Primorsk. But TNP vice president Filipp Nikonov said the firm was again considering the Black Sea plan, using the port of Zhelezny Rog as the pipeline's terminus instead of Novorossiisk.

"This is just an idea, but we are actively discussing it. We have already submitted our proposals to the government," Nikonov told a Vostock Capital conference in Novorossiisk.

TNP is preparing to merge with oil pipeline monopoly Transneft, and an industry source said earlier Thursday that a final government decision on the merger plan could be made in weeks.