Russia and China have resolved a dispute on oil supplies, First Deputy Prime Minister Igor Sechin said Tuesday, local news agencies reported.
Russia and China have resolved a dispute on oil supplies, First Deputy Prime Minister Igor Sechin said Tuesday, local news agencies reported.

"We were able to regulate everything. We have reached an agreement allowing us to fully remove all of our bilateral complaints--on one hand, complaints regarding various coefficients, on the other, regarding payments," Sechin said.

Russia 's state-owned oil champion Rosneft (ROSN.RS) had complained of not receiving payments for oil supplies to China because of differences over tariffs.

Rosneft and pipeline operator Transneft (TRNFP.RS) received a total of $25 billion from China in 2009 to finish building Russia 's first pipeline link to Beijing .

Russia and China have also made "significant progress" in negotiations on gas contract prices, Sechin said.

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