Russia and China finalizing deal for increased oil supplies via Kazakhstan
Quick Look
- Russia and China are finalizing an agreement to increase Russian oil supplies to China via Kazakhstan.
- The deal, approved by the Russian government, aims to boost transit volumes, with potential increases noted by Transneft CEO.
AI-generated summary
Why It Matters
Russia and China are working to finalize an agreement that will increase Russian oil supplies to China through transit via Kazakhstan. The Russian government has already approved a draft protocol to amend the intergovernmental agreement with China, which allows for increased transit volumes.
KRASNOYARSK, May 19. /TASS/. An agreement on additional Russian oil supplies to China via Kazakhstan was reached long ago, and the parties are now working to formalize it, Russian Deputy Prime Minister Alexander Novak told reporters.
"I believe this agreement was reached long ago. Now it is simply being finalized," Novak said.
Earlier, the Russian government approved a draft protocol amending the intergovernmental agreement with China, which provides for the possibility of increasing transit volumes.
In October 2025, Transneft CEO Nikolay Tokarev stated that the company would be able to increase Russian oil transit to China via Kazakhstan to 12.5 million tons from 10 million tons no earlier than 2027-2028.
Open Questions
- What is the exact timeline for the finalization of the agreement?
- What are the specific details of the increased transit volumes?
- What are the implications for Kazakhstan's role in this energy corridor?
