Marina Pustilnik: Russian Oil Exports to China Face Problems

1740239 From RIA Novosti – Opinion & analysis:

Russian oil companies’ plans to export record levels of oil to China may have to be seriously rethought, as terminals in western Siberia will struggle to cope with the Russian-Chinese contracts.

Indeed, plans to increase the capacity of oil loading terminals are still being only discussed, so it seems the situation is likely to remain up in the air for some time to come.

Under the agreements signed by President Putin and his Chinese counterpart, Hu Jintao, on October 14, 2004, China should receive from Russia at least 10 million tons of oil by rail this year.

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