China may offer a higher price for oil from Kazakhstan’s Kashagan project as it competes for the crude with other countries surrounding the Central Asian state.
“Right now at the Chinese border the prices aren’t exactly market — they are significantly lower,” Kairgeldy Kabyldin, head of Kazakh pipeline operator AO KazTransOil, said today in Almaty. “Our Chinese colleagues have announced that they will give a price” that’s competitive with oil traveling to Russia.
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Nariman Gizitdinov and Stephen Bierman, Bloomberg via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/azZ3fCzKQPg/
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