News // Russia
Russian Oil Export Reaches the Ceiling
28 May 2004 , 08:16745
The capacity of Russia?s oil export has almost reached a ceiling and a slight boost is possible only on the Baltic Sea and by using a ChevronTexaco pipeline.
According to Russian pipeline monopoly Transneft, Russian exports and even domestic supplies have faced the obstacles ever due to booming output.
In the opinion of Russia?s energy minister Victor Khristenko, further options of increasing exports depend mainly on the Baltic Pipeline System, because all other options have been exhausted.
The Baltic Pipeline System links fields in Western Siberia to Transneft's flagship Baltic port of Primorsk. The firm wants to expand it to one million bpd by the end of 2004 from the current 850,000 bpd and is waiting for government approval to expand it to 1.25 million bpd.
CPC, the only major private pipeline on the territory of the former Soviet Union, is designed by Chevron to pump Kazakh crude to the Russian Black Sea port of Novorossiysk. The Russian state and several Russian private firms have stakes in the CPC, but have not used them so far to ship their barrels.
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