Нефть России

Oil exports will rise 7.5 percent in 2003

Russian oil exports will rise 7.5 percent in 2003 against 2002, said Victor Khristenko, the Vice-Premier, to the journalists on Wednesday during his interview following the Commission meeting that discussed the issues of production sharing, according to RIA Novosty information agency.

According to Victor Khristenko, “this forecast given in the beginning of the year is well-grounded”. At the same time, in the Vice-Premier’s opinion, growth of exports via Transneft’s system will not be so substantial. The main increase is to be covered by railway deliveries.

Oil intake into Transneft’s system will be increased by 2.5 million tons in Q2 2003 compared with the same period in 2002. The Vice-Premier stressed that all this export volume is to be delivered to the far abroad. In Q2 2003 Russian oil exports to the far abroad will be of 33.5 million tons.

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