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Politics : Foreign Affairs Discussion Group

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To: LindyBill who wrote (28399)	5/5/2002 4:53:02 AM
From: LindyBill	Read Replies (2) of 281500

Here is an excerpt from a NYT article on Russian oil. I always thought of their oil as coming from the Caucasus. >>> Russia is awash in oil, and while Russian companies are busily acquiring assets in Europe, the ultimate prize is America. President Vladimir Putin is likely to raise the issue of Russian oil with President Bush at the summit on May 23 to 25 in Moscow and St. Petersburg. The obstacles to Russian oil exports to America, however, are formidable. The first problem is transport. Russia's major oil fields are thousands of miles away from the deep-water ports that oil tankers require. Getting Russian oil to America's West Coast from terminals on the Pacific Ocean in the Russian Far East, the shortest route, will require spending billions to put in pipelines from western Siberian oilfields and to develop the rich Magadan and Chukotka shelves in the extreme Northeast. Although the Russians can tackle parts of the problem themselves, the state pipeline company Transneft announced last month that it would invest $5 billion in a pipeline from southern Siberia to the Sea of Japan, drilling in eastern Russia and transporting the oil will not be possible without outside investment.<<< nytimes.com

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