USD 92.5058

-0.79

EUR 98.9118

-0.65

Brent 88.08

+0.04

Natural gas 1.97

0

861

China's northeast bordering province sees surge in oil import from Russia

China imported 23.37 million tonnes of crude oil from Russia through the China-Russia oil pipeline in the 1st 10 months of 2018.

China's northeast bordering province sees surge in oil import from Russia


Harbin, December 5 - Neftegaz.RU. China imported 23.37 million tonnes of crude oil from Russia through the China-Russia oil pipeline in the 1st 10 months of 2018, up 71.35 percent year on year, Chinese authorities said.

 

According to Harbin customs, the main impetus behind the increase is the 2nd line for the China-Russia oil pipeline that began commercial operation in January, raising China's annual import capacity of Russian crude oil through the pipeline from 15 million to 30 million tonnes.

 

The 2nd line starts from Mohe, which borders Russia, to the city of Daqing in northeast China's Heilongjiang Province, passing north China's Inner Mongolia Autonomous Region. The 1st line was put into use on Jan. 1, 2011, with an annual capacity of 15 million tonnes, starting from the Russian city of Skovorodino to Daqing.

 

The China-Russian oil pipeline has reduced costs and raised the efficiency of China's oil imports from Russia, which had previously relied on rail transport.

 


Follow us on Google News
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"


Advertising at neftegaz.ru