Saturday, April 08, 2006

Oil and Gas: Russia's oil exports to China jump 22%

In the first quarter of 2006, Russian oil exports to China rose 22.2 percent. According to statistics published Thursday by Eastern Siberia Railway, year-on-year exports increased more than 20 percent to 2.26 million tons.

Rail exports of oil to China are expected to exceed 10 million tons in 2006, up from 7.6 million in 2005.