Russia increases oil supply to India 19 times in 2022: Russian official

  • World
  • Friday, 09 Jun 2023

ST. PETERSBURG, June 8 (Xinhua) -- Oil export from Russia to India increased 19 times and amounted to 41 million tons in 2022, Deputy Prime Minister of Russia Alexander Novak said.

In an op-ed published Thursday in the journal Energy Policy, Novak called Russia's current energy policy a "Turn to the East." He noted that in May 2022, oil supplies from Russia to Asian countries exceeded the volumes sent to Europe for the first time. In 2022, Russia's oil exports to friendly countries increased 76 percent, and exports of petroleum products increased by 20 percent.

As he mentioned, Russia redirected almost 40 million tons of oil and petroleum products from Western markets to Eastern markets last year.

The Russian government is directing efforts to further develop infrastructure to increase energy exports to the Asia-Pacific region, Novak said. By 2026, the capacity of main oil pipelines leading to Asia is planned to be expanded by 32 million tons, and a total of 600 km of oil pipelines will be built. Projects are also being implemented that will allow Russia to export up to 100 billion cubic meters of pipeline gas to the East.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In World

Canadian PM apologises after parliamentary speaker publicly praised Nazi
Scientists reveal how can earthquakes cause vast destruction in far areas
Conference discusses Belt and Road economic information sharing
Zambia upbeat on concluding national climate adaptation plan
Botswana minister urges African countries to increase agricultural productivity
Kenya commits to scaling up clean energy initiatives for low carbon future
Feature: Kenyan motorcycle riders embrace electric bikes amid soaring fuel costs, green economy push
Kenya projects tea exports to hit 1 bln USD in 2023
Cuba, Russia working on case of Cubans recruited for Russian army - ambassador
Chinese-invested uranium mine in Namibia makes progress toward environmental sustainability: report

Others Also Read