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Article: East Siberia looks to Asia for new flows.
- Article from:
- Petroleum Intelligence Weekly
- Article date:
- December 18, 2006
CopyrightCOPYRIGHT 2006 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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East Siberia is poised to begin crude oil exports to China at the end of this decade thanks to extensive upstream investments by Russian oil companies and construction of the new East Siberian Pacific Ocean pipeline. Initial indications are that some 280,000 barrels per day of Russian crude could start flowing by pipeline to northern China as early as 2008, with initial volumes from West Siberia being replaced by new East Siberian crudes as output builds. The East Siberian oil will be low in sulfur and similar in quality to Chinese crudes like Daqing that it will replace (PIW Dec.4,p7). The 600,000 b/d first phase of the new pipeline, running from Taishet in East Siberia ...