Russia raises crude rail shipments to China

摘要

Yukos of Russia is reported to have agreed to increase crude rail shipments to China from 60,000 b/d in 2003 to 130,000 b/d in 2004,and to 180,000 b/d in 2005.Plans are to further increase shipments to 200,000 b/d in 2006-2012.The contracted rail volumes are understood to be standing in for an oil pipeline to China that Yukos had wanted to build but Moscow has not yet sanctioned.