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Half of Russia's 2023 Oil and Petroleum Exports Went to China - Russia's Novak


FILE - Oil tankers are seen at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia, Oct. 11, 2022. This is one of the largest facilities for oil and petroleum products in southern Russia.
FILE - Oil tankers are seen at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia, Oct. 11, 2022. This is one of the largest facilities for oil and petroleum products in southern Russia.

Half of Russia's oil and petroleum exports in 2023 will have gone to China while India's share has risen in two years to 40%, Russia's state news agencies cited Deputy Prime Minister Alexander Novak as saying in remarks published Wednesday.

"The main partners in the current situation are China, whose share has grown to approximately 45-50%, and, of course, India," said Novak, who is in charge of Russia's energy sector.

"Earlier, there basically were no supplies to India; in two years, the total share of supplies to India has come to 40%."

Novak added that Europe's share in Russia's crude exports has fallen to about 4-5% from about 40-45%.

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