Tuesday 5th March, 2013
The Russian ESPO blend was created especially for the pipeline with this name. It is Russia’s best blend, light and low in salt chloride content. According to specialists, the ESPO blend will become the official blend, dominating the world market in the next decades, as this type of oil is superior to others. It will set the world’s new oil price standard, a benchmark crude with prices determined as a result of trading on the exchange, experts say.
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