Action plan for developing oil export infrastructure approved for period through 2026
MOSCOW. March 15 (Interfax) - Russia has approved a plan to expand its oil export infrastructure in the next few years.
"By order of the President, in December last year, Deputy Prime Minister Alexander Novak approved the action plan prepared jointly with Transneft to implement the development of Russia's oil export infrastructure for the period through 2026," Energy Minister Nikolai Shulginov said on Wednesday during the so-called government hour in the State Duma.
"In order to increase oil supplies to the Asia-Pacific countries, a project has been implemented to expand the port of Kozmino more than 10%, taking into account the pipeline infrastructure," he said.
"Implementing continues on the other priority projects on the roadmap, including expanding the main oil pipelines toward the port of Primorsk and the port of Novorossiysk, which is planned for 2025," the minister said.
Russia boosted oil exports 7.6% year-on-year to 242.2 million tonnes in 2022.