As Russia Expands Pacific Pipeline, a Third of Oil Exports Go East

Russia is about to complete a fresh expansion of its oil pipelines to the Pacific coast that will cement its role as a top Asian supplier and allow it to ship a third of its total oil exports to Asia-Pacific markets.

Just 10 years ago, Russia, the world’s second largest oil exporter after Saudi Arabia, was barely sending any oil to Asia with most of its oil exports flowing to the West.

But as tensions between Russia and the European Union mounted and the Asian economies…


View entirety: Reuters