Yukos, Russian Railways sign agreement on volumes of oil transportation in China's direction

The Yukos and Russian Railways joint stock companies have signed an agreement on the volumes of oil transportation in China's direction for the next three years, Russian Railways President Gennady Fadeyev said after the signing ceremony on Saturday.

"According to the agreement, Yukos will transport 6.4 million tons via Russian railways in 2004, 8.5 million in 2005 and 15 million in 2006," Mr. Fadeyev noted.

In his words, the volumes will be enlarged from 2007.