Russian Oil Companies Don’t Need Their Own Tankers

For the last several years, freight deliveries by tanker have tripled on average. More than $5 billion were spent on shipping Russian oil by tanker in 2004. But Russian oil companies are still less than enthusiastic about entering the shipping business. A proposed law approved by the administration two weeks ago to create a Russian international (second) ship register may change this situation. But the oil companies have to decide fast