Russian oil giant Rosneft and a close associate of President Vladimir Putin are fighting the EU in court over sanctions imposed on some of Russia's biggest companies.
Rosneft said it had found oil in the Kara Sea off the north coast of Siberia in a joint drilling project with US oil giant ExxonMobil.
Investment bank Morgan Stanley Friday announced plans to sell part of its commodity business to Russian oil giant Rosneft for an undisclosed sum.
Rosneft will supply Kazakhstan with additional crude in exchange for the oil transit to China.
Late October Russia’s Energy Minister Aleksandr Novak said that Rosneft was negotiating oil transits across Kazakhstan to China via the Kazakh-Chinese Atasu-Alashankow pipeline.
Rosneft has applied to Medvedev with a suggestion to make the company the sole coordinator of all supplies of Russian oil to Kazakhstan.