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.
Saudi Arabia’s air defences have intercepted and destroyed a hostile drone over the Riyadh region, according to the Saudi-led coalition fight...
Police were deployed across Paris on Saturday, as a curfew was set to take effect in the Republique and Chât...
A drone strike hit a power station in northern Sudan early Sunday (1 November), sparking a fire and triggering loud explosions, witnesses said....
The U.S. has approved the sale of 500 Patriot PAC-3 missiles to Ukraine in a deal worth an estimated $2.1 billion, but Kyiv could face years of delays before receiving the weapons it urgently needs to defend against intensifying Russian attacks.
Iranian Supreme Leader Ayatollah Khamenei has ordered Iran's armed forces to respond to any threat immediately and without geographical limits in statements posted to social media platforms on Saturday (31 October).
Demonstrators carrying Iranian flags and placards supporting the hijab gathered outside the Azerbaijani Embassy in London.
A Chinese-made AI chip has matched Nvidia’s H200 in tests conducted by its developer, marking a potential breakthrough in China’s efforts to reduce its dependence on foreign technology.
A hacking group linked to North Korea is widely believed to be behind the theft of $6.3 billion from cryptocurrency giant Binance, a cyberattack that experts describe as the largest cryptocurrency heist on record.
Cryptocurrencies are volatile, and their crashes make headlines. But does a slump in digital coins ever spill over into the pounds, dollars and euros in people's bank accounts? The short answer is not directly, but indirectly it can, and regulators are increasingly worried about how.
Russian President Vladimir Putin has praised record trade with Egypt as Moscow seeks to use its economic ties with Cairo to expand its influence across Africa, with a focus on manufacturing, infrastructure and energy.
Kazakhstan could begin building its first nuclear power plant in 2027, President Kassym-Jomart Tokayev said on 28 October, according to Azertac. But as Central Asia steps up its energy ambitions, which countries are investing in nuclear power and which are pursuing alternatives?
Apple's latest iPhone 18 Pro series has outperformed its predecessor in early global sales, even as rising manufacturing costs and weaker demand in some markets put pressure on the smartphone industry, according to Counterpoint Research data released on Tuesday (27 October).
Uzbekistan is moving into a new phase in the development of Islamic finance, with the country’s first Islamic banking licence issued shortly before a regional forum in Samarkand brought together industry players to discuss how the sector can expand across Central Asia.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment