GROWTH HARD TO SUSTAIN
In 2004 oil companies of Russia and CIS exported 188.7mn t (3.76 mn b/d) of crude via Transneft system. This is a 18.2% increase on 2003 levels. In 2003 export shipments via Transneft systems exceeded 2002 indicators by 8.2%. Yet there is every reason to believe that the peak growth of export pipeline shipments will hardly be sustained in the foreseeable future.
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