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21.05.2014 Russia, China Sign 30-year Gas Deal

Russia and China agreed on a long-term gas supply contract in Shanghai on May 21, after years of talks on the deal, worth billions of dollars, RIA Novosti has reported.  Russian Energy Minister Alexander Novak and Director of the Chinese National Energy Administration Wu

21.05.2014 Russia offers zero mineral extraction tax for fields sending gas to China

Russian President Vladimir Putin has offered to set a zero mineral extraction tax (MET) rate for deposits which will produce gas to be supplied to China, CEO of oil major Rosneft Igor Sechin said on May 20 after participating in negotiations between the Russian delegatio

21.05.2014 Russia to boost oil supplies to Chinese Tianjin refinery

Russian oil giant Rosneft will boost oil supplies to China’s Tianjin refinery by over 9 million tons, Rosneft CEO Igor Sechin said on May 20, ITAR-TASS has reported.

21.05.2014 Russia, China fail to sign gas supply deal again

Russia and China are continuing negotiations on a long-debated gas supply deal, seeking a compromise, Gazprom CEO Alexei Miller said on May 20.

19.05.2014 Gazprom not sure about gas price for China

Aleksei Miller, the CEO of Russia’s major gas company Gazprom feels confident the gas contract with China will be signed under the conditions suitable for Russia, ITAR-TASS reported on May 17.

19.05.2014 Putin wants China to participate in developing Far East

Russia is interested in Chinese businesses' participation in developing the Far East, Russian President Vladimir Putin told China's leading media in an interview ahead of his visit to the People's Republic of China (PRC), ITAR-TASS reported on May 19.

16.05.2014 China to close small refineries

China will shut down small, obsolete petroleum refining facilities as it pursues a two-pronged strategy of upgrading the industry's technology level while improving air quality, according to a document from the National Energy Administration, China Daily said on May 16.

16.05.2014 Heads of Russia’s Rosneft, China’s CNPC discuss joint projects

On May 15, CNPC Chairman Zhou Jiping had a meeting with Mr. Igor Sechin, Rosneft President and Chairman of the Management Board, on deepening strategic cooperation in the oil and gas businesses, CNPC’s press office said on May 16.

15.05.2014 Russia’s Rosneft head discusses cooperation with chief of China’s National Energy Administration

Rosneft President, Chairman of the Management Board Igor Sechin held a working meeting with Wu Xinxiong, the Director of the National Energy Administration of the People's Republic of China, Rosneft’s press office said on May 14.

15.05.2014 Chinese firms to invest in petrochemical projects in Iran

Chinese firms will invest €470 million in the construction of Lordegan Petrochemical Complex, southwest of Iran, Iran's Mehr news agency reported on May 14, Trend said on May 15.