Konończuk says that during the first few years ESPO will not operate at full capacity, and will have only a limited impact on the Russian oil sector. The author says that the ESPO pipeline is expected not only to stimulate the development of a new oil extraction centre in Russia and promote economic development in the Far East, but also to strengthen Russia’s position on the global raw materials market.
Platts has a technical report on the ESPO pipeline. The report says that the start of the ESPO crude exports will be a major step for Russia’s oil export infrastructure, which is currently heavily focused on moving oil west toward Europe. The report also says that ESPO can become a major price indicator of spot oil volumes in Asia.
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