| Transneft is considering applying to Russia's National Wealth Fund for help financing expansion of the East Siberia-Pacific Ocean (ESPO) oil pipeline, a spokesman for the state-owned pipeline operator said Tuesday.
"We are looking at various options, we have not filed an application [for funds from the National Wealth Fund] yet, but it is under consideration," the spokesman said. In recent months Transneft has stepped up attempts to secure additional financing since Russian authorities decided last year to freeze tariffs on crude shipments -- a key revenue source for the company -- for the duration of 2014...............................................Full Article: Source
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