Russia is ready to increase oil supplies to China via Kazakhstan by 2.5 million tons, Russian Deputy Prime Minister Alexander Novak told reporters.
“This initiative comes from the Chinese side, and we are ready to meet this demand. However, implementing this will require certain technological solutions, particularly involving pipeline infrastructure. Specific measures need to be taken in the area of pipeline transportation. I believe Transneft, our oil pipeline operator, will need to develop a detailed list of the necessary steps. We are currently working on that,” Novak said while speaking about the protocol on amendments to the intergovernmental agreement with China approved by the Russian government.
According to the intergovernmental agreement, the priority route for oil supplies to China is the Skovorodino-Mohe pipeline, but the countries can also determine other transportation routes in addition to the volumes along this route to supply refineries in the western part of China. The new changes suggest increasing the permissible volumes of supplies in other directions to 7-12.5 million tons from 7-10 million tons as tass.com reported.
It is also proposed to extend the delivery period to 5-20 years from the previously specified 5-10 years, starting from January 2014.
Novak added that talks are continuing on Chinese companies entering oil and gas production projects in Russia. "A meeting was held recently. We discussed this. Negotiations will continue. Talks are underway regarding all commercial relations, with ongoing contact between the companies. I hope that additional agreements are reached," he said.
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China’s Foreign Minister Wang Yi has held talks with his Russian counterpart Sergei Lavrov following recent military strikes carried out by the United States and Israel on targets in Iran, as tensions in the Middle East continue to rise.
The Kremlin is utilising the recent United States and Israeli military strikes on Iran to validate its ongoing war in Ukraine. Russian officials are pointing to the escalation in the Middle East as evidence that Western nations do not adhere to international rules.
Russian Foreign Ministry spokeswoman Maria Zakharova on Thursday (26 February) accused Ukraine of threatening Europe’s energy security by halting oil flows through the Druzhba oil pipeline to Hungary and Slovakia.
Russian President Vladimir Putin’s special envoy, Kirill Dmitriev, arrived in Geneva and may hold talks with U.S. officials, according to the RIA news agency.
Follow the latest developments and global reaction after the U.S. and Israel launched “major combat operations” in Iran, prompting retaliation from Tehran.
Saudi Arabia’s state oil giant Saudi Aramco closed its Ras Tanura refinery on Monday following an Iranian drone strike, an industry source told Reuters as Tehran retaliated across the Gulf after a U.S.-Israeli attack on Iranian targets over the weekend.
The Kremlin is utilising the recent United States and Israeli military strikes on Iran to validate its ongoing war in Ukraine. Russian officials are pointing to the escalation in the Middle East as evidence that Western nations do not adhere to international rules.
The Middle East crisis intensifies after the deadly attack on the compound of the Supreme Leader of Iran Ali Khamenei on Saturday that killed him, other family members and senior figures. Iran has launched retaliatory strikes on U.S. targets in the region.
Ayatollah Alireza Arafi has moved into a pivotal constitutional role following the death of Supreme Leader Ayatollah Ali Khamenei, becoming the clerical member of Iran’s temporary leadership council under Article 111 of the Constitution of the Islamic Republic of Iran.
The European Commission sees no immediate impact on the European Union's security of oil supply from the escalating conflict in the Middle East, it said in an email to EU governments, seen by Reuters on Monday (2 March).
Paramount Skydance emerged as the winner in a months-long battle to acquire Warner Bros Discovery after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood studio.
Global debt surged to a record $348.3 trillion at the end of 2025, after nearly $29 trillion was added over the year, marking the fastest annual increase since the pandemic, according to the Institute of International Finance (IIF) report released on Wednesday.
Millions of Colombian roses have arrived in the United States just in time for Valentine’s Day, keeping the country on track as the world’s second-largest flower exporter. Between 15 January and 9 February, Colombia shipped roughly 65,000 tons of fresh-cut blooms.
Russia’s car market is continuing to receive tens of thousands of foreign-brand vehicles via China despite sanctions imposed after Moscow’s full-scale invasion of Ukraine in 2022, a journalistic investigation has found.
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