Can Europe benefit from Russian-Chinese Oil Pipeline delivery?
Russia’s plan to reorient its energy trade towards the east has taken a leap forward with the start of oil exports through a new pipeline to China. The pipeline, running from Skovorodino in east Siberia to Daqing in north China, is an offshoot of a new oil export route Russia is building to the Pacific Ocean, providing the world’s top oil producer with a strategic window on the energy-hungry markets of Asia. When it is completed in 2013, the 4,070km pipeline can carry up to 1.6m barrels a day of oil, about one third of Russia’s current exports. Russia began commercial oil deliveries through the new pipeline to China on new year’s day consolidating increasingly close energy ties with the world’s fastest-growing oil consumer. China lent Russia $25bn in 2009 to help fund the project and pledged to import 300,000 barrels a day through the new pipeline for 20 years. Rosneft, Russia’s state oil company, has been supplying about 300,000 b/d of oil to China by rail, but the new pipeline w...
I do not think it is a good venture on long term basis. The market conditions and loyality by it's people is not what franchises can expect. The perfect gambles are visible on currently poorly run fast food operations.
ReplyDeletePoor food qualities, prices, environments and most of all, poor customer service.