Middle East Economic Survey
Russia And Ukraine Amend 2009 Supply/Transit Agreement to Guarantee Exports Increase
On 7 December Russias President Dmitry Medvedev and his Ukrainian counterpart Viktor Yanukovych announced amendments to existing oil and gas supply/transit contracts for the export of Russian oil and gas to Europe via Ukraine. The first enables an increase of Russian oil exports by 40,000 b/d from 331,000 b/d in 2010 to 371,000 b/d in 2011. The...