The Secretary General of The International Energy Forum (IEF) Hoe van Hulst announced that Kazakhstan is to become the largest oil exporter in the world and to play its role in the oil deliveries to global markets in the coming decades. According to the head of IEF the oil production in the Republic of Kazakhstan […]

OAO Transneft counts on China to settle its debt to Russia for oil deliveries to the Peoples Republic of China within 2-3 weeks. This was declared by the company’s president Nickolay Tokarev. He also specified that at present China’s debt comprises 75 million American dollars (the total amount of the debt to Transneft and OAO […]

In his speech at the opening of the Moscow Energy Week the Energy Minister of Tussian Sergei Shmatko said that in the coming years the Russian oil refining industry will receive 20-25 billion American dollars of investment. According to the minister this will enable escaping from the present day situation, when Russia exports black oil, […]

Transneft resumed its oil export to China through the offset of the ESPO which had been stopped earlier because of the earthquake in the Amur region. This was announced by the official representative of the company Igor Demin. Demin also pointed out that the oil transportation via the Far East Railroad to the port of […]