Registration was successful!
Please follow the link from the email sent to

Rosneft’s Oil Sales to China to Bring $2.5Bln Into Budget

© RIA Novosti . Vitaliy Ankov / Go to the photo bankRosneft plans to pump seven million tons of oil to China annually starting from 2014
Rosneft plans to pump seven million tons of oil to China annually starting from 2014 - Sputnik International
Subscribe
Russia’s budget will be boosted by additional revenue of up to $2.5 billion annually in export duties paid by state-run Rosneft for its oil supplies to China, the energy minister said Wednesday.

SEOUL, November 13 (RIA Novosti) – Russia’s budget will be boosted by additional revenue of up to $2.5 billion annually in export duties paid by state-run Rosneft for its oil supplies to China, the energy minister said Wednesday.

Rosneft's chief executive said Tuesday that the company plans to pump seven million tons of oil to China annually starting from 2014.

"Export duties will be levied on these seven million tons, and the budget will get additional [income of] $2.3 billion to $2.5 billion,” Energy Minister Alexander Novak said.

The pipeline to China passes through Kazahkstan.

Rosneft signed tentative agreements on Monday with Kazakhstan’s national energy company KazMunayGaz and national pipeline operator KazTransOil to ensure safe transit of its oil to China.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала