Slovaks and Austrians will construct a pipeline that should secure oil from the Adriatic for Slovakia as of 2012, Radio Slovakia reported on October 19. The construction of a pipeline by oil companies Transpetrol and OMV is set to be launched in 2011. The length of the pipeline should be 62 kilometres, of which 12 kilometres will be laid down in Slovakia. The project will be carried out by joint venture Bratislava Schwechat Pipeline, in which Slovakia’s state-owned Transpetrol will have a 74% stake and OMV the remaining 26%. The costs are estimated at 28 million euro. The pipeline should allow flows in both directions, enabling Austria to connect up to oil supplies from Russia, while Slovakia will gain access to oil from the Adriatic flowing via the Italian city of Trieste.