Found this article on the AP breaking news line. The article states that 33,000 barrels per day would be deliverd by Russian railroads to China. If that is a single unit train, then that comes out to roughly 4700 tons per train. That begs the question as to why Russian unit trains can only handle a tonnage that is the equivalent of a U.S. TOFC train? Why can’t they run a more efficient 10,000 or 15,000 ton unit train service?
http://ap.tbo.com/ap/breaking/MGB113JSX1E.html
Nov 24, 2004
Lukoil Announces New Rail Deliveries to China as Yukos Stock Continues Its Fall
By Alex Nicholson
Associated Press Writer
MOSCOW (AP) - Lukoil, Russia’s second biggest oil producer, said Wednesday it would send 33,000 barrels of oil per day to China by rail in the first quarter of 2005, making up for some of the supply to the energy-hungry country that was slashed by its bigger, embattled rival Yukos.
Meanwhile, OAO Yukos stock sank further as its biggest production unit is readied for a Dec. 19 auction that the state, in one form or another, is expected to win.
With its bank accounts frozen, Yukos is facing a cash-crunch as it fights to pay down crippling multibillion dollar back tax bill. Lukoil’s deliveries will partially cover the 400,000 tons per month that Russia’s No.1 producer was forced to cut in October.
Russian Railways vice president Khasyan Zabirov told the Interfax agency that Lukoil would ship 400,000 metric tons in the first three months of 2005 - equivalent to about 33,000 barrels per day.
Earlier, Lukoil said it would ship 60,000 tons of crude by the end of November, and 100,000 more tons in December.
Yukos founder and ex-CEO Mikhail Khodorkovsky has spent more than a year in jail as a separate criminal fraud and tax evasion trial against him grinds on.
While the Kremlin has frequently cast the charges against Yukos and Khodorkovsky as a drive against shady bookkeep