Putin inaugurates the first section of the East Siberia-Pacific Ocean pipeline
Russian Prime Minister Vladimir Putin officially inaugurated the first section of the new East Siber
It is considered to be the most expensive, and one of the most important, projects in Russia's energy sector.
It is expected that ESPO will have only a limited impact on the Russian oil sector during the first few years, as it may experience a deficit of oil and may not operate at its full capacity.
Once the second section is completed and becomes fully operational, ESPO will accelerate the development of oil fields in Eastern Siberia, and the economic development of the Far Eastern region. It will also diversify Russia's oil exports, by significantly increasing sales to Asian markets. The