Deputy PM Novak: Russia to redirect oil flows not wanted by Europe mainly to Asia-Pacific, as well as Africa, Latin America
MOSCOW. Oct 14 (Interfax) - Russian oil not wanted by Europe will be redirected for export not only to countries of the Asia-Pacific region, but also to Africa and Latin America, Russian Deputy Prime Minister Alexander Novak said during panel discussions at Russian Energy Week.
"The main portion [of oil exports] will be directed to the Asia-Pacific region - India, Pakistan, and other countries. But this also includes Africa and Latin America, that is, those who are in need of our energy resources," Novak said in response to a question from the host on redirecting oil flows that earlier went to Europe.
Oil will be transported through existing pipelines, as well as the ports of Ust-Luga, Novorossiysk, and Primorsk, the capacities of which should be expanded to a total of 40 million tonnes in the near future, he said.