Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Magazine

Russian Oil to the U.S.


Credit Russia's Yukos Oil Co. with a good PR move--and a smart strategic play. Its Western-oriented CEO, Mikhail Khodorkovsky, is arranging for a first-ever shipment of Russian crude to the U.S. in a tanker filled with 2 million barrels of oil. In part, it's a gesture of solidarity with the West in the wake of a drop in Iraqi exports, to 375,000 barrels per day, vs. an average of 1.7 million in 2001.

But Khodorkovsky's dream of Russia crude exports of a million barrels per day to the U.S. is at least three years away. That's because infrastructure improvements such as a deep-water terminal in Murmansk aren't yet in place. Still, Khodorkovsky's gesture is in sync with his efforts to secure partnerships with Western oil majors--and perhaps to sell Yukos at a fat profit. EDITED BY Edited by Rose Brady


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus