Wednesday, June 6, 2007

Russia's Baltic Sea Export Pipeline Boost Will Cut Urals Price, PVM Says

(Bloomberg) -- Russia's proposed oil pipeline that
will bypass Belarus could cut supplies to refineries in Hungary
and Slovakia and make its main export crude blend less
competitive, PVM Oil Associates GmbH said.

Russia plans to build a new link that will deliver at least
1 million barrels of oil a day to Primorsk on the Baltic Sea.
The pipeline will reduce supplies of Urals, Russia's major
export blend of oil, to refiners in eastern Europe, said
Johannes Benigni, the managing director at PVM.


Read more at Bloomberg Energy News

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