USD 64.4326

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BRENT 62.05

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AI-92 42.15

+0.02

AI-95 45.61

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AI-98 50.67

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Diesel 46.31

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952

Rail/Life — Line to China

Russia turns on the tap....

The Chinese/Russian railway border crossing Zabaikalsk-Manchzhuria counted more than 1,8 million tons of oil in 2003. This was 74% more than 2002. 3.86 million tons of crude will be transferred in 2004.

A work session for issues on crude oil transfers was held in Beijing with the participation of representatives of JSC Russian Railways, the Chinese railways and oil companies of Russia and China . It was decided to supply 5.5 million tons of crude oil from Russia to China in 2005, and 10 million tons ? in 2006.

Future volumes of oil transfers via rail to China will continue to increase until a decision on a pipeline in the direction of the Chinese border has been reached, President of JSC Russian Railways Gennady Fadeyev said.