However, Transneft requires high maintenance capex, and has been investing in expansion projects such as East SiberiaaPacific Ocean (ESPO) II, Baltic Pipeline System (BPS) II, and Purpe-Samotlor.
What does BPS stand for?
BPS stands for Baltic Pipeline System
This definition appears frequently and is found in the following Acronym Finder categories:
- Military and Government
- Business, finance, etc.
See other definitions of BPS
We have 343 other meanings of BPS in our Acronym Attic
- Backpack Section
- Backpropagation Simulation
- Backup Power Supply
- Badan Pusat Statistic (Indonesian central statistics agency)
- Bakersfield Pipe & Supply (Bakersfield, CA)
- Balanced Pressure System
- Ballistic Protection System
- Ballistic Protective Shelter
- Ballot Printing System
- Balls Per Second (paintball)
Samples in periodicals archive:
He said the proposed $460m Baltic Pipeline System, to give Russia a direct outlet to the Baltic Sea, remained a priority for Transneft, with a part of the cost already covered by a special crude oil export tax.
Transneft does not plan rapid upping of dividends after the second stage of construction is being completed of East Siberia - Pacific Ocean (ESPO-2) and Baltic Pipeline System (BPS-2), announced the president of the company Nikolay Tokarev.
The Baltic Pipeline System (BPS) came on stream in December 2001 carrying crude oil from West Siberian and Timan-Pechora oil provinces westwards to the newly completed terminal of Primorsk in the Russian Gulf of Finland.
This goes counter to Transneft's own plans to increase the current Baltic Pipeline System (BTS) capacity to 62 million tons by 2005.
Construction of Phase 2 of the Baltic Pipeline System will begin soon.
LUKoil also intends to use the proposed Baltic Pipeline System (BPS) to the Gulf of Finland.
Kasyanov noted that the Baltic Pipeline System is being completed in "record time" and may go on line later this year.