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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1243)	11/6/2003 11:56:10 AM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Bad news for China's oil pipeline plans By David Hsieh BEIJING - The arrest of oil tycoon Mikhail Khodorkovsky and the state of Russian domestic politics may kill off China's hopes of tapping directly into Siberian oil reserves through a US$2.5 billion (S$4 billion) pipeline. Chinese analysts expect the standoff between the Kremlin and Khodorkovsky to delay until next year Moscow's decision on a 2,400km pipeline which would feed 400,000 barrels a day to refineries in Daqing, in north-eastern Heilongjiang province. They said Japan's bid to pipe oil from Angarsk in eastern Siberia via a longer, more expensive route to Russia's northern port of Nakhodka is looking more likely. straitstimes.asia1.com.sg