29 October 2012, 16:20

Russia’s ESPO to be quoted in oil price reports

Russia’s ESPO to be quoted in oil price reports

According to the Wall Street Journal, Russia’s ESPO oil is to be quoted in oil price reports shortly together with Britain’s Brent and America’s WTI.

ESPO stands for Eastern Siberia and the Pacific Ocean. Its daily export is at 300,000 barrels.

To win international quotation for its brand, it has to climb to at least 500,000 barrels.

This threshold may be reached by 2015.

Voice of Russia, TASS

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