“The East Siberia – Pacific Ocean (ESPO) link is also expected to expand sales to the United States and fulfil Putin’s dream of cementing Russia’s place as a dominant force on international crude markets. Moscow hopes to make ESPO into a benchmark in the Asia Pacific region that competes with WTI — the US oil standard whose price some traders believe is too heavily based on domestic political factors. The port — previously connected to East Siberian crude by rail — also provides Russia with quick access to Japan and South Korea. The head of the Transneft state oil pipeline operator said most of the crude from the final leg would in fact be destined for the U.S.”
http://www.rawstory.com/rs/2012/12/25/russia-unveils-25-billion-oil-pipeline-to-the-pacific/
Tip Freedomwat.ch Staff with Bitcoin