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China-Russia oil pipeline opens - Business - Al Jazeera English

Russia has begun oil shipments to China via an East Siberian link, with supplies delivered in January expected to hit 1.3 million tonnes, Russian officials say.

Igor Dyomin, a spokesman for Russian oil pipeline monopoly Transneft, confirmed on Saturday that the supplies had begun.

Russia, the world's biggest crude oil exporter, has concentrated most of its 50,000km-long pipeline network in West Siberia, but the new Eastern Siberia-Pacific Ocean (ESPO) pipeline gives it access to the world's largest energy consumers' market.

According to the final schedule for crude oil exports and transit, in January-March 2011, Russia will ship 3.68 million tonnes of oil to China via ESPO.



The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt št gmail dotcom) on Sun Jan 2nd, 2011 at 12:45:08 PM EST
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