Russian Railways to invest $600mln-plus in oil deliveries to China

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MOSCOW, September 30 (RIA Novosti) - Russian Railways plans to invest 17.5 billion rubles ($613.39 million) in oil deliveries to China between 2006 and 2008, the company said Friday in a press release.

The company will lay out $157.73 million in 2006, $262.88 million in 2007 and $192.78 million in 2008.

This year, Russian Railways will supply China with 10 million metric tons of oil, seven million tons of which will be delivered via Zabaikalsk. Of that amount, three million tons will be provided by LUKoil and 4 million by Rosneft. Yukos will provide another three million metric tons to be delivered across the port of Naushki in the Chita region.

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