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Rosneft-Shell joint venture to supply Caspian oil starting November

      RBC, 16.09.2004, Moscow 18:28:15.Rosneft-Shell Caspian Ventures Ltd., the joint venture between Rosneft and British-Dutch Shell, has signed an agreement with NaftaTrans on oil supplies via the Caspian Pipeline System. The company will start supplying oil this November. Its monthly oil supplies are expected to amount to 100,000 tons, Rosneft told RBC. Oil produced in Chechnya is supposed to be supplied to the Caspian Pipeline System, too.

      Russia and oil producing companies the Rosneft-Shell joint venture and LUKARCO are entitled to get access to the Caspian Pipeline System in the city of Kropotkin. Rosneft's Chechen-based subsidiary Grozneftegaz plans to boost oil production at an annual rate of 11 percent this year and to produce 2m tons of oil.

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