Siberian oil supplies to China grow 23 % in first half year

Aug 10, 2006 02:00 AM

Russia shipped 23 % more oil to China via the Trans-Siberian Railroad over the first seven months of 2006 than in the same period last year, Russian rail officials said.
In January-July 2006, the amount of Russian crude sent to China through the border station of Zabaikalsk had increased 50 % year-on-year to 30.87 mm barrels. Work is currently under way to improve infrastructure on an alternative Trans-Siberian track, via Naushki.

Some 8.08 mm bbl of China-bound crude passed along the route in the first seven months of this year. Russian oil shipments to China are expected to reach a total of 88.2 mm bbl in 2006, up from last year’s 55.86 mm bbl.
China so far receives Russian oil by rail only. The energy-hungry economy will be able to import more crude from Russia when state oil pipeline monopoly Transneft completes the Siberia-Pacific pipeline project.

The pipeline is slated to pump up to 1.6 mm bpd of crude from Siberia to Russia’s Far East, which will then be sent on to China and the Asia-Pacific region.
Deputy Prime Minister Alexander Zhukov said during a visit to China last November that Russia would seek to almost triple its crude deliveries from 2004 to its rapidly developing neighbour to reach 301,200 bpd in 2006.

Source: RIAN
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