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Russian Transneft discuss crude supplies to China with PetroChina and CNPC

August 18, 2015, 21:59 UTC+3 MOSCOW
"The participants of the meeting noted adherence to the current bilateral intergovernmental agreements on cooperation in the oil sector," the report said
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© ITAR-TASS/Yuri Smityuk

MOSCOW, August 18. /TASS/. Russian oil pipeline company Transneft has discussed issues related to supplies of Russian crude oil to China till 2018 with top-managers of Chinese PetroChina and CNPC, the company reported on Tuesday.

"The participants of the meeting noted adherence to the current bilateral intergovernmental agreements on cooperation in the oil sector," the report said.

As TASS reported earlier Transneft is opposed to changing the plan of traffic oil flows to China assigned in Russian-Chinese intergovernmental agreements. In June, during negotiations between Rosneft, Transneft and PetroСhina, Russia’s transport monopoly said a decrease of annual supplies through Mohe from 30 mln tonnes to 20 mln tonnes will result in a need to review its investment program and freeze a substantial part of funds. For now, Chinese partners have agreed to increase oil supplies via Mohe in 2015 by another 400,000 tonnes (by 1 mln tonnes in a year - TASS) to 16 mln tonnes.

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