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Crude oil piped from Kazakhstan to China reaches record high

Crude oil imports from Kazakhstan to China through a transnational pipeline hit a new record high last year.

Crude oil piped from Kazakhstan to China reaches record high Crude oil piped from Kazakhstan to China reaches record high


Crude oil imports from Kazakhstan to China through a transnational pipeline hit a new record high in 2017, chinese PetroChina and Xinhua reported on January 11, 2018.

 

The China-Kazakhstan pipeline carried 12.3 million tonnes of crude oil into the world's 2nd-largest economy in 2017, up 23.2 % year on year, the pipeline operator said.

 

The crude oil production cuts by OPEC members in early 2017 drove up crude prices, and oil producers in Kazakhstan then increased exports, it said.

 

The pipeline runs more than 2,800 kilometers from the city of Atyrau to Atasu in Kazakhstan via the Alataw pass in Xinjiang Uygur Autonomous Region to the PetroChina Dushanzi Petrochemical Company, one of China's major petrochemical producers. It became operational in 2006.

 

Source : Neftegaz.RU