17 June 2004 00:09
RUSSIA LOSES $400 MLN ON PROBLEMS WITH BLACK SEA OIL EXPORTS
MOSCOW. June 15 (Interfax) - Problems exporting oil through Black Sea ports cost Russia $400 million a year, the
Transport Ministry and Union of Russian Ship Owners said at a meeting at the Industry and Energy Ministry.
By diversifying routes for transporting Russian oil the country would be able to choose the best routes for getting
oil to the market. The Industry and Energy Ministry said in a press release that creating the northern oil pipeline with
a terminal on the Barents Sea would make it possible to use tankers with deadweight of up to 300,000 tonnes to ship oil
to the North American market and would help increase prices for Russian oil on the European market.
Russia must create a new oil pipeline route to export oil along the northern route and build a terminal on the
Barents Sea.
A working group will be set up to draw up proposals to build
special tankers to transport oil through the Black and Baltic Sea
The Foreign Ministry, Transport, Economic Development, and Industry and Energy ministries were told to step up the
dialogue with Turkey to allow the unimpeded passage of Russian tankers through the Black Sea straits.
The Federal Sea and River Transport Agency and Federal Energy Agency were told to draw up proposals to optimize cargo
flows from the Black Sea ports, primarily oil ports, through the Bosporus.
The fuel and energy department in the Industry and Energy Ministry and the Federal Energy Agency will work with oil
companies to prepare reports on alternate routes for transporting oil to bypass the Black Sea straits.
straits.
[Interfax] |
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