Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Monday, October 18, 2010

Kremlin Wins, Germany Loses From the Chavez Gift to Rosneft By: Vladimir Socor

With this acquisition, Rosneft gains refining capacities for 11.5 million tons of crude oil per year, and located in the heart of Europe’s most lucrative oil-products market (including Germany’s immediate western neighbors). Once the regulatory approval is received, 18 percent of Rosneft’s refining capacities will be located there. According to Khudaynatov at the Moscow signing event, the move corresponds with Russia’s strategy of expansion in key European energy markets and obtaining access to advanced Western technologies.
http://www.jamestown.org/programs/edm/single/?tx_ttnews[tt_news]=37040&cHash=faf2349c7b
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