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9

Russia to Increase Crude Supplies to China by 65 %

Russia's state oil company Rosneft is ready to boost supplies

Russia's state oil company Rosneft is ready to boost supplies to China by up to 65 percent next year, the company said.

Rosneft is ready to boost exports of crude oil and oil products to China to 140 million barrels next year, up from an expected 85 million barrels this year, said company President Sergey Bogdanchikov.

The two sides haven't signed a contract yet on increased supplies, Bogdanchikov said at a news conference.