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Home›News›Russian Oil Companies Don’t Need Their Own Tankers
News

April 20, 2005 · about 21 years ago

Russian Oil Companies Don’t Need Their Own Tankers

For the last several years, freight deliveries by tanker have tripled on average. More than $5 billion were spent on shipping Russian oil by tanker in 2004. But Russian oil companies are still less than enthusiastic about entering the shipping business. A proposed law approved by the administration

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For the last several years, freight deliveries by tanker have tripled on average. More than $5 billion were spent on shipping Russian oil by tanker in 2004. But Russian oil companies are still less than enthusiastic about entering the shipping business. A proposed law approved by the administration two weeks ago to create a Russian international (second) ship register may change this situation. But the oil companies have to decide fast

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