Rosneft may not be able to pump additional oil to China in the 3rd quarter of 2013 because of late application
Edited by Rhod Mackenzie / 2013-05-27 01:53:28
Transneft hasn’t waited for application of Rosneft on pumping of additional volumes of oil to China in the 3rd quarter of 2013. Rosneft had no time to solve their disagreements with the Chinese partners on the price of additional oil.
Rosneft started to need for additional transportation capacities on March 22, 2013, when it signed with CNPC an agreement on crude oil supplies to China that intended increase in supplies, which must start in 2013 already.
In March of 2013, the Minister of Energy Novak said that additional supplies to China through Skovorodino may be 800 thousand tons in 2013 and 2 million tons in 2014.
