China reportedly to guarantee rail payments for oil from Yukos

Russian Railways claims that China has offered to guarantee payments for railroad deliveries of crude from OAO Yukos, but Chinese government officials have yet to confirm that."The guarantee may have the opposite effect of what Russian rail officials intended by further eroding confidence in Yukos's ability to meet its obligations and the Russian government's responsibility to assure export continuity on its own. China also seems to be sending a signal to oil markets that it is willing to pay a premium to meet its rising demand, which could add even more upward pressure on world prices," said Michael Lelyveld, senior advisor with PFC Energy Caspian Business Intelligence Service.Ru...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected