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petroleum products. Certainly, the low benchmarking base has its effect there to a certain extent but the contribution is also made here nevertheless to solve tasks of reorienting our energy exports," the official said. Russia and African nations are now discussing about forty potential joint projects in the energy sphere, Semenov noted. "We have promising projects in the energy sphere identified and this number has even slightly increased from the time of the Russia - Africa summit. We had about thirty at that time; now we are close to forty. Fourteen countries being the first priority ones for us were determined. Our companies are widely presented in the continent: these are projects in the energy sphere, production and transportation," he added.
Russia Cuts Crude Exports To China And India By 17%. Russia’s four-week average seaborne oil exports fell to 3.11mn barrels a day as of July 14, down by almost 600,000 barrels or 17% from their recent peak in April, Bloomberg has reported. The country’s seaborne crude shipments have now sunk to the lowest since January and are likely to remain that way at least to the end of August, thanks to a rebound of domestic refining rates to a six-month high. China and India are likely to feel the export cuts most keenly since they buy more than 80% Russian seaborne crude sales. However, the barrels that have been taken off the market represent a small fraction of their total crude purchases, meaning Chinese and Indian buyers could easily replace them with crude from other markets.
Ukraine and the EU have approached Azerbaijan to supply natural gas to Europe via Ukraine after an existing contract with Russia expires, President Ilham Aliyev said. President Zelenskiy said earlier this month his country is in talks to send natural gas from Azerbaijan to the EU as it seeks to maintain its role as a transit country and help ensure the energy security of its western neighbors.
Supplies of energy resources from Russia to China have recently reached record high volumes, Russian President Vladimir Putin said on July 23. "Supplies of Russian energy resources to the territory of China are reaching record high volumes. Specialists of our countries are working together on enhancement of technologies of feedstock production, processing and transportation, and increase of heir environmental safety," the head of state said in the address to participants, organizers and guests of the 6th Russian-China Energy Forum, posted on Kremlin’s website.
Indonesian refiner Pertamina has added Russian oil grades to its tender lists to buy September crude, three traders said on July 22. Pertamina hasn't purchased Russian oil for years, having taken a step back since the start of Russian-Ukraine military conflict in 2022, though the state did not join western sanctions against Russia. Pertamina last purchased ESPO Blend and Sokol oil from Russia more than 10 years ago, LSEG data shows. State-controlled Pertamina asked for Russian Urals oil along with sour grades Kirkuk, Jubilee, Al Shakheen and others for Sept. 15-17 arrival at its Cilacap
186 RUSSIA Country Report August 2024 www.intellinews.com