Rzd Cuts Forecast for Oil Supplies to China in 2005
Posted on: Friday, 5 August 2005, 21:00 CDT
MOSCOW. Aug 5 (Interfax) - OAO Russian Railways has reduced its forecast for oil supplies to China in 2005 from 10 million tonnes to 7 million tonnes, a company source told journalists after a conference call in Moscow on Friday.
"We plan to transport about 7 million tonnes in 2005. This is due to limitations in loading capacity. For this reason Lukoil stopped transporting oil to China in May," the source said.
He said that in August Rosneft applied to transport 508,000 tonnes of oil to China, and Yukos - 200,000 tonnes. He said that Sibneft has not applied to transport oil to China through Kazakhstan.
The source also said that Rosneft plans to transport about 8.8 million tonnes of oil to China in 2006. "After the launch of an oil loading platform at the Uyar station we will be able to transport about 10 million - 15 million tonnes of oil to China every year," he said.
Source: Daily News Bulletin; Moscow - English
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