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20

Regal Petroleum Pipeline To Ukraine Still Idle

British oil company Regal Petroleum, yesterday admitted that a million-dollar pipeline was still not being used

British oil company Regal Petroleum, yesterday admitted that a million-dollar pipeline to export gas from its main producing developments was still not being used - more than 18 months after its construction, The Guardian reported.

The company said that there could be no guarantee when supplies would start flowing through the 12-kilometre pipeline in Ukraine that joins a main trunk line operated by Russian gas giant Gazprom.

London-based Regal completed the transport link in late 2003, but said it had been concentrating since then on its Greek operations, which have been hit by their own problems.