ID :
108705
Fri, 02/26/2010 - 17:08
Auther :
Shortlink :
https://www.oananews.org//node/108705
The shortlink copeid
Russia to export East Siberian oil to Japan for 1st time+
VLADIVOSTOK, Russia, Feb. 25 Kyodo - Russia will export East Siberian crude oil to Japan for the first time, with a tanker scheduled to set sail Friday, trading industry sources said Thursday.
The tanker, which will leave the port of Kozmino near the Russian city of
Nakhodka, will dock at the Keiyo Sea Berth in Tokyo Bay in early March, the
sources said.
The 100,000 tons of oil, whose bid was won by trading house Mitsui & Co. from
Russian oil firm TNK-BP, was purchased by Kyokuto Petroleum Industries Ltd.,
the Ichihara, Chiba Prefecture-based refiner jointly owned by ExxonMobil Y.K.
and Mitsui Oil Co.
East Siberian crude offers an advantage over a range of Middle East crude due
to its lower transportation costs stemming from the geographical proximity of
the Kozmino port to Japan. Although Mideast oil takes two to three weeks to be
delivered to Japan, the Siberian oil takes only two to three days.
If Japan can procure East Siberian crude in a stable manner in the coming
years, it would enable it to diversify sources of its oil needs and save
transportation costs. Japan currently depends on the Middle East for 90 percent
of its oil needs.
Japan has been importing some crude produced at the Russian Far Eastern island
of Sakhalin.
Russia plans to export a further 300,000 tons of crude from the Kozmino port to
Japan over the subsequent one month.
Concerning the nature of the shipments, a source close to a major trading house
said, ''These transactions signify a sort of trial to check what features the
East Siberian crude has.''
Kozmino is the eastern end of the projected 4,800-kilometer pipeline to
transport East Siberian oil to the Pacific side.
Since the 2,100-km eastern half of the pipeline has not yet been laid, crude is
to be transported to Kozmino by rail until 2014, when Russia says it will
complete the pipeline in its entirety.
In December, Russian Prime Minister Vladimir Putin attended a ceremony in
Kozmino to mark the start of the shipment of Siberian oil.
Siberian oil has been so far exported to such destinations as Hong Kong and
South Korea from Kozmino, which the Russian government appears to perceive as a
key export base for customers in the Asia-Pacific area.
==Kyodo
The tanker, which will leave the port of Kozmino near the Russian city of
Nakhodka, will dock at the Keiyo Sea Berth in Tokyo Bay in early March, the
sources said.
The 100,000 tons of oil, whose bid was won by trading house Mitsui & Co. from
Russian oil firm TNK-BP, was purchased by Kyokuto Petroleum Industries Ltd.,
the Ichihara, Chiba Prefecture-based refiner jointly owned by ExxonMobil Y.K.
and Mitsui Oil Co.
East Siberian crude offers an advantage over a range of Middle East crude due
to its lower transportation costs stemming from the geographical proximity of
the Kozmino port to Japan. Although Mideast oil takes two to three weeks to be
delivered to Japan, the Siberian oil takes only two to three days.
If Japan can procure East Siberian crude in a stable manner in the coming
years, it would enable it to diversify sources of its oil needs and save
transportation costs. Japan currently depends on the Middle East for 90 percent
of its oil needs.
Japan has been importing some crude produced at the Russian Far Eastern island
of Sakhalin.
Russia plans to export a further 300,000 tons of crude from the Kozmino port to
Japan over the subsequent one month.
Concerning the nature of the shipments, a source close to a major trading house
said, ''These transactions signify a sort of trial to check what features the
East Siberian crude has.''
Kozmino is the eastern end of the projected 4,800-kilometer pipeline to
transport East Siberian oil to the Pacific side.
Since the 2,100-km eastern half of the pipeline has not yet been laid, crude is
to be transported to Kozmino by rail until 2014, when Russia says it will
complete the pipeline in its entirety.
In December, Russian Prime Minister Vladimir Putin attended a ceremony in
Kozmino to mark the start of the shipment of Siberian oil.
Siberian oil has been so far exported to such destinations as Hong Kong and
South Korea from Kozmino, which the Russian government appears to perceive as a
key export base for customers in the Asia-Pacific area.
==Kyodo
