Russia inks $270 billion oil export deal with China June 21, 2013 - 14:58 AMT PanARMENIAN.Net - Russia’s state-owned oil giant Rosneft will supply $270 billion worth of crude oil to China, the company said on Friday, June 21 after clinching a deal likely to make Moscow China’s biggest energy supplier, RIA Novosti reported. Rosneft’s head Igor Sechin said the contract envisages the export of 365 million tons of oil to China over the next 25 years. The deal will reshape the geography of oil exports from Russia, currently the world’s largest producer of crude. Most Russian oil currently goes to Europe via a network of pipelines from West Siberia, while only a fifth of it is exported to Asia. Sechin, a key ally of President Vladimir Putin, said Rosneft and China National Petroleum Corporation (CNPC) will jointly develop three offshore fields in the Barents Sea and eight oil deposits in East Siberia.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news About 32,000 rally in Yerevan to deman Pashinyan’s resignation  About 31,700 people attended an opposition rally on Thursday, May 9 in Yerevan demanding the resignation of Prime Minister Nikol Pashinyan.Armenian, Azerbaijani Foreign Minister to meet in Almaty Armenian Foreign Minister Ararat Mirzoyan and his Azerbaijani counterpart Jeyhun Bayramov will meet in Almaty.Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015.Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. |
