The growing signs that Russia may pull out of the proposed US$2.5 billion Sino-Russian crude oil pipeline has raised great concerns among the Chinese partners of the project.
..Russian Energy Minister Igor Yusufov said Russia is studying the construction of a US$5 billion to US$7 billion oil pipeline to its Pacific coast to export East Siberian crude to the United States and Asian customers, such as Japan.
The proposal, which is favoured by Japan, conflicts with China's earlier scheme to build a direct link from Angarsk in East Siberia to Daqing in Northeast China.
Experts warned that a collapse of the Sino-Russian pipeline project would damage the relationship between the two neighbouring countries, both economically and politically. China had pinned high hopes on the crude oil pipeline after the two countries signed a non-bidding agreement for the project last March. The trunkline would allow China to ship 700 million tons of Russian crude through the pipeline to China over the next 25 years....
http://english.peopledaily.com.cn/200402/24/eng20040224_135684.shtml