Russian crude oil exports to China will be 1.8 billion U.S. dollars a year income

Minister of Energy Government of the Russian Federation Sergey chashma July 3 Zitko said here today that Russia will be an estimated annual oil exports to China gained 57 billion rubles (1.8 billion U.S. dollars) of income.

Russia and China in October 2008 aimed at reaching a construction in East Siberia - Pacific Ocean (ESPO) oil pipeline branch to China pipeline agreement.

From the Russian Far East Skovorodino been extended to the Northeast China's Heilongjiang Province of China branch of the Mohe pipeline will be Russia's Siberian oil fields from the original oil to the northern region of China.

Zitko chashma that will be completed later in 2010 the Chinese branch of the pipeline construction cost is estimated at from 11 to 12 billion rubles (from 324,000,000 to 352,000,000 U.S. dollars).

Chashma Zitko said that Russia has to grasp the timely completion of the operations branch pipelines.

Jul. 12, 2009