All the numbers of oil exchanges between Russia and China

14 March 20222 years ago babelfish

CNPC and Rosneft signed a ten-year agreement to supply 100 million tons of crude oil to Northwest China via Kazakhstan

Russia is the second largest supplier of crude oil to China, with 79.65 million tons in 2021.

Although the volume of crude oil from Russia decreased by 4.6% compared to the year 2021, its market share rose to 15.5% from 15.4% in 2020, as China's total crude oil imports decreased 5.1% compared to the previous year .

As we know, China imports crude from Russia both through the pipeline and into the sea, with the proportion equally divided.

Specifically, the state-owned CNPC has forward agreements to import 40 million tons / year of crude oil pipeline from Russia, comprising 10 million tons annually via Kazakhstan via the Atasu-Alashankou pipeline, as part of a deal bilateral government, and 30 million tons / year of ESPO Blend from Rosneft.

Also on February 4, CNPC and Rosneft signed a ten-year agreement to supply 100 million tons of crude oil to Northwest China, via Kazakhstan.

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/energia/commercio-petrolio-russia-cina/ on Mon, 14 Mar 2022 06:35:21 +0000.