Building a world of
resilient communities.

MAIN LIST

 

Russia promises to increase oil exports, questions remain

Russian Finance Minister Alexei Kudrin promised to boost oil exports if world prices remain high. The promis comes just days after reports that Russia does not have the infrastructure to increase production. Two articles from The Russia Journal

Following articles:
1. Russian oil export reaches the ceiling
2. Oil prices jump, Russia to pump

Russian oil export reaches the ceiling
May 28, 2004

MOSCOW - The capacity of Russia’s oil export has almost reached a ceiling and a slight boost is possible only on the Baltic Sea and by using a ChevronTexaco pipeline.

According to Russian pipeline monopoly Transneft, Russian exports and even domestic supplies have faced the obstacles ever due to booming output.

In the opinion of Russia’s energy minister Victor Khristenko, further options of increasing exports depend mainly on the Baltic Pipeline System, because all other options have been exhausted.

The Baltic Pipeline System links fields in Western Siberia to Transneft's flagship Baltic port of Primorsk. The firm wants to expand it to one million bpd by the end of 2004 from the current 850,000 bpd and is waiting for government approval to expand it to 1.25 million bpd.

CPC, the only major private pipeline on the territory of the former Soviet Union, is designed by Chevron to pump Kazakh crude to the Russian Black Sea port of Novorossiysk. The Russian state and several Russian private firms have stakes in the CPC, but have not used them so far to ship their barrels.

www.russiajournal.com/news/cnews-article.shtml?nd=43969

Oil prices jump, Russia to pump
May 31, 2004

MOSCOW - Russia said it will raise its oil export volume if oil prices remain high, and, at the same time, to keep pumping at the same rate even if prices fall.

Finance Minister Alexei Kudrin said on Saturday.

"If oil prices remain high we will boost production and exports. If prices come down again we will not create artificial obstacles for world economic growth by cutting exports," Russia’s Finance Minister Alexei Kudrin told in interview to a Russian radio.

Kudrin's remarks come three days after President Vladimir Putin said Russia should expand export capacity and approve new routes.

Russian production has jumped 50 percent to 9.0 million barrels per day since 1999, but pipeline export capacity has peaked at 4.0 million bpd.

www.russiajournal.com/news/cnews-article.shtml?nd=43987

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.

 

This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.

Tags:  

The Color of Pollution: How Environmental Contamination Targets People of Color

The way that a person’s race – and to a lesser extent, wealth …

Peak Oil Review: A Midweek Update - 28th July 2016

 A midweek update. Oil prices continued to fall this week as crude …

Thoughts on Significance of Solar Impulse as it Finishes Epic Round-the-World Trip

My interview on BBC World Service Newshour: the heroism of the adventurer …

An Industrial Strategy for Energy

What’s also clear is that while nuclear power is tending to get more …

South Australia’s Electricity Price Woes are more Due to Gas than Wind

The past few weeks have seen extraordinarily high wholesale electricity …

Former Inspectors Describe Dangerous Flaws in Construction of Major East Coast Gas Pipeline

In April, a massive explosion ripped through rural Salem Township, …

Northwest Tribes Band Together to Stop Oil-by-Rail

There’s no such thing as a good place for an oil-train derailment, but …