Pipeliners

RBC, 01.10.2007, Moscow 09:49:56. – Russia and China may sign an agreement on an oil pipeline next month, Russia's Deputy Prime Minister Alexander Zhukov told journalists today. He explained that the document would provide for construction of the pipeline, but would not deal with oil supplies. The document is likely to be signed during a meeting between Russia and China's Prime Ministers scheduled for November 5, 2007. Zhukov also pointed out that Rosneft was not fully satisfied with the price of oil supplies to China. Therefore, the company is in talks with Chinese government on the matter, aimed at making oil supplies profitable for both countries, as well as at bringing the price up to the level comparable with that of oil supplies to the West. However, Zhukov noted that China was not willing to accept Russia's conditions.