TNK-Nizhnevartovsk Oil Production |
| Date Added: September 06, 2009 11:04:20 PM |
| Author: Thomas |
| Category: Anne Best Sites: Business |
| As a representative of the Industry and Energy Ministry informed Interfax there is just one company, TNK-Nizhnevartovsk, which represents a Russian-British enterprise TNK-BP(RTS: TNKO), will be able to ship oil to China by means of Kazakhstan Atasau-Alashankou oil pipeline in 2008. As per this source, the whole quantity of oil to be exported through this line this year is 500, 000 tons. TNK-Nizhnevartovsk was the only to be allowed to export oil to this country. Gazprom Neft(RTS:SIBN) was refused in their appeal to the Industry and Energy Ministry in delivery of 1.08 million tons of oil to China through the same line in the second quarter of 2008. As the spokesperson noticed the institution was not given explanations of the reasons of the refusal, which was a great shock for it. Now they are going to clarify the matter. In the beginning of 2008 the two companies TNK-BP and Gazprom Neft were allowed to supply 150, 000 tons of oil to China each. Gasprom Neft though had a problem with shipping the oil after having an conflict with KazTransOil, Kazakhstan's transportation monopoly. Simultaneously TNK-BP plans to boost the exportation of oil in the second quarter of the year. As per the treaty about reciprocal transit between Russia and Kazakhstan signed in November 2007 Russia is allowed to supply 5 million tons of oil to China via Atasu-Alashankou pipeline annually. The plans for the oil export through Kazakhstan have been complied until now. This schedule asserts that Russian oil companies will be able to export approximately 3.57 million tons of oil to Kazakhstan until the end of the year. To be more accurate Rosneft(RTS:ROSN) will supply 1.05 million tons, Surgutneftegas(RTS:SNGS) – 750, 000 tons and Gazprom Neft – 420, 000 tons. This oil goes to Kazakhstan's Pavlodar Oil Refinery. Additionally, PetroKazakhstan company, a Chinese-Kazakh enterprise, will get 1.35 million tons of oil, 600, 000 tons of which comes from Lucoil(RTS:LKOH), 450, 000 tons from TNK-BP and 300, 000 tons will be delivered from RussNeft. |
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