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Russia to China Energy Volumes up 10% This Year: Novak

OIL

Russian-Chinese trade turnover in the energy sector since the beginning of 2022 has increased by 64% in monetary terms and by 10% in physical terms according to Russian Deputy Prime Minister Alexander Novak.

  • "China is becoming the largest consumer of Russian energy. This year, trade turnover in the energy sector has grown by 64% compared to last year, in physical terms, deliveries have grown by about 10%," he said.
  • "China is one of the key manufacturers of equipment in the oil and gas sector. There is already close cooperation on the supply of oil and gas equipment for projects in Russia," he said. "We plan to jointly work on the development and production of equipment that can be used both in China and in Russia," Novak added
Energy BulletsCommodities
Energy BulletsCommodities

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