... Projects Russia and China are discussing new energy projects, the largest being the Power of Siberia 2 pipeline, with a capacity of up to 50 billion cubic meters per year. Deputy Prime Minister Alexander Novak mentioned the potential construction of an export oil pipeline to China parallel to the Power of Siberia 2, with a capacity of approximately 30 million tons per year. Chinese partners approach price negotiations for energy supplies with caution, Malkov notes. As a result, talks for new projects and ...

... 62%, totaling 2.58 trillion rubles in absolute terms. Oil at the Core The primary driver was the growth in revenues from oil production taxes. Collections from the Mineral Extraction Tax (MET) on oil exceeded the combined revenues from MET on oil and export duties by 73%, amounting to an additional 2.54 trillion rubles. This year marked the completion of the tax maneuver, under which the Ministry of Finance phased out export duties on oil and petroleum products in exchange for a gradual increase ...

... in the first half of 2024, according to EIA data. Iran's current oil production is already quite close to the 2017 level, i.e., the year before the U.S. embargo, when the supply volume reached 3.82 million barrels per day. The key driver of Iran's oil export recovery has been shipments to China, which are carried out through Malaysia. This is indirectly evidenced by data from the General Administration of Customs of China, which shows that oil imports from Malaysia to China increased from 330,000 barrels ...

... since March, but now restrictions may extend to the entire market to redirect additional fuel volumes for domestic needs. Simultaneously, market oversight is intensifying, and a damping mechanism is being implemented to restrict excess profits from exports: if prices exceed a certain threshold, payments to oil companies will be reduced. An increase in the mandatory sales norms for fuel on the exchange is also being considered (currently set at 15% of production for gasoline) — this will enhance liquidity in trades and saturate the market with supply. ...

... diesel has another similarity to AI-95 gasoline. The exchange price for winter diesel is not included in the conditions for subsidy payments. These payments compensate part of the difference between the indicative price set by the government and the export price of fuel. The subsidy is paid to oil companies for wholesale fuel deliveries to the domestic market, with a deviation from the indicative price of no more than 10% for gasoline and no more than 20% for diesel. For gasoline, only the AI-92 price is considered, and for diesel, the summer ...