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Thursday, January 18, 2018
Russian Oil Export Shifts from West to East
An increase in Russian oil shipments to China can affect European buyers
Russia and China are working closely together on a string of important international and regional issues, Russian Foreign Minister Sergei Lavrov said
China’s capacity for importing Russian crude from eastern Siberia has doubled to 30 million tpy (600,000 bpd) with the opening of a second pipeline, Xinhua state news agency reported
Trade between China and Russia was up 20.8 percent last year, rising to $84 billion, according to figures released by the Chinese customs authority
The Russian Federal Agency for Air Transport and Brazil's National Civil Aviation Agency expressed mutual interest in signing in the near future a memorandum of understanding aimed at supporting exports of Russian helicopters, the Russian authority said in a statement
India’s Hindustan Aeronautics Limited (HAL) and a partnership between Russian Helicopters and Russian export agency Rosoboronexport expect to finalise the terms of conditions of their joint venture (JV) to build Kamov Ka-226T ‘Hoodlum’ light multirole helicopters for the Indian military in the first quarter of 2018, according to Russian defence industrial holding group Rostec
PetroChina has nearly doubled the amount of Russian crude being processed at its refinery in Dalian, the company’s biggest, since January, as a new supply agreement has come into effect, a senior industry source with direct knowledge of the matter said