RUSSIAN OIL EXPORTS-1: Projects focus on pipeline, terminal expansions

Most major infrastructure projects in the Russian oil sector are directly aimed at increasing oil exports. Despite officially declared export cuts, the country continues to boost its crude supplies by rapidly debottlenecking existing export outlets and building new ones.Russia will export as much oil as it can. Its ability to export crude oil, however, is currently limited by available export facilities. The country’s major crude export capacity (pipelines and seaports) has reached 5.5 million b/d. In 2004, Russia used only 3.3 million b/d of this with the balance ceded to Kazakhstan, Azerbaijan, and Belarus through intergovernmental agreements. With more export facilities being com...

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