Russian-Israeli deal could boost oil exports to Asia

Russia could see substantial increases in its exports of crude oil to south and east Asia following a strategic deal cut with Israel that will see as much as 1.1 million b/d of oil transiting the recently upgraded Trans-Israel Pipeline (Tipline). Click here to enlarge image"One of the reasons that triggered this project was the assumption that part of the crude oil produced in Russia, the Central Asian Republics, or in the Caucasus and loaded at the various Black Sea oil ports can be marketed at competitive prices for distribution in southern Asia and the Far East," Tipline officials said.Under terms of the Russian-Israeli agreement, oil from the Black Sea ports of Tuapse, Odessa, and No...

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