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Rosneft praises cooperation with Chinese Sinopec in Udmurtneft JV

Udmurtneft is developing 34 fields in Russia’s Udmurtia

MOSCOW, November 29. /TASS/. Udmurtneft, the joint venture (JV) between Rosneft and Chinese corporation Sinopec, has become a successful example of cooperation between Russia and China, Rosneft said in a statement.

"Over 16 years of efficient operation of the joint venture, more than 100 mln metric tons of oil have been produced and more than 1,500 new wells have been drilled, while the volume of development drilling has grown 7.6-fold. The total increase in recoverable reserves has exceeded 115 mln metric tons of oil," the statement said. Rosneft added that the general accumulated production of Udmurtneft exceeded 325 mln metric tons of oil. "The enterprise is an example of successful international cooperation between Russia and China in oil production," the company said.

Udmurtneft is developing 34 fields in Russia’s Udmurtia. The mining fund has more than 3,800 wells, which is 144 wells more than at the beginning of the year.

Dollar grows to 92.19 rubles, euro declines to 98.49 rubles on Moscow Exchange

Yuan rate increased by 1.8 kopecks, to 12.67 rubles

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Russian military will do its utmost to repel such attacks, Apty Alaudinov said

Positive trends in Russian economy become stronger — Putin

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According to Nikolay Patrushev, this creates conditions for the devaluation of international law and its institutions and the erosion of the UN's central role in resolving global and regional conflicts

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Kiev troops may strike targets in Crimea with ATACMS missiles — newspaper

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Labor productivity requires a significant increase in all sectors of the economy, the President stressed

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Russia needs to boost production of goods based on domestic technologies — Putin

The President undescored that Russia did not plan to produce absolutely everything domestically

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Good GDP growth results showed in first months of 2024 — Putin

GDP growth is 6% in average over the first two months, the Russian leader noted

West bends sanctions rules when it suits them — Kremlin

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US government prepares to sign $6-bln contract for arms deliveries to Ukraine — Politico

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"I think that Beijing understands this perfectly well and will not even pretend being ready to reach any agreements with the Americans to the detriment of Russia’s interests," Sergey Ryabkov said

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Israel Defense Forces delivers more strikes on Hezbollah infrastructure in Lebanon

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Azerbaijan, Armenia have installed 20 border markers so far

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Bank of Russia keeps key rate to prevent inflation from being double-digit, Putin says

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Rafael Grossi may visit Russia in late May

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US nuclear facilities in Northern Europe to become targets in Russia-NATO clash — MFA

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Venezuelan foreign ministry, Russian embassy hold joint conference in Caracas

The event brought together almost 200 diplomats, foreign ministry staffers and experts in international relations