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ISSUES....
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Less oil from Russia?

In the beginning of 2008 the transit of Russian oil through Gdansk will drop considerably. Naftoport in Gdansk is one of the most important centres for oil exports in the Baltic Sea region. The raw material is transported through the Druzhba pipeline and from Gdansk it is distributed worldwide. The supply schedule is drawn up by the Russian state concern Transnyeft, a monopolist in the supplies for Russian pipelines. In the first quarter of 2008 Transnyeft intends to transport 1.03 million tonnes of oil through Gdansk, less than half of what it shifted in the last quarter of 2007, when the Polish terminal exported 2.1 million tonnes of the resource. There will be no oil shortages at Polish refineries - Transnieft intends to introduce a small increase in the supplies for Plock and Gdansk, as well as the oil transported through Poland to Germany. With the decline of Russian exports, the Polish Naftoport has a chance to service larger supplies from other countries whose tax offices are less greedy. Last week Putin and Kazakhstan president Nursultan Nazarbayev agreed to increase the Kazakh oil exports through Russia from 10 to 20 million tonnes. \nc 04005000 \nc 04015000

Polish News Bulletin Company, Wednesday, December 26, 2007 11:24 PM

Petroleumworld 12 28 07

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