Russian oil has all chances to become a price standard at the market of the Aziatsko-tikhookeanskogo region (ATR), a director declared on development of business of price agency Argus Piter Keddi on the Petersburg international economic forum. Keddi came forward on a session «How many does oil cost?», in-process which the president of Russian FEDERATION Dmitry Medvedev, vice-prime Igor Sechin, chapters of the leading Russian and international neftegazovykh companies, took part. Putting into the operation of the first phase of oil pipeline East
Siberia – the Pacific ocean in 2010 will open new direction of nefteeksporta to the Russian companies – through Far-Eastern port of Koz’mino. Traditional markets of Russian raw material in Europe and USA are in a state of recession. The governments of occident conduct
hard tax policy and aim to reduce dependence on the import of oil. In these terms of country ATR play more meaningful role for the producers of oil, creating additional demand. Geographical closeness of port of Koz’mino to the key centers of consumption
in China, South Korea and Japan will allow to the exporters to get maximally high prices for oil which will excel supplied with westward Russian export mixture of Yurals in quality. If oil from VSTO will actively be for sale on transparent spot
market, it will be able to become a price standard – both for Russia and for other countries. Today Russian oil is estimated in relation to a severomorskogo standard (Brent), but as far as spot market development in Koz’mino it will be able to become a standard price marker
for the markets of ATR and even countries Near east, Keddi considers. «Exactly coming east markets to define the real value of Russian oil, – he said. – the New price standard must appear on east, but not westering».
