China-Russia oil pipeline fuels trade
Huge capacity of link to enhance energy security, cut costs
China-Russia crude oil pipeline started recently in northeastern China’s Heilongjiang province, a move that expands the capability for oil transportation from Russia to China.
The pipeline, traversing the China-Russia border, is 940 km in length and 813 mm in diameter, with a capacity to transport 15 million tons of crude oil annually, according to China National Petroleum Corporation.
The Chinese section of the pipeline starts from the border city of Mohe in Heilongjiang, runs southward through the Inner Mongolia autonomous region and ends at Daqing inHeilongjiang.
The pipeline is expected to be put into operation at the beginning of 2018.
It will run parallel to an existing pipeline — the first China-Russia crude oil pipeline that was put into use in 2011, which can also transport 15 million tons of oil each year.
According to the CNPC Economics& Technology Research Institute, China imported 328 million tons of oil last year.
In 2015, Russia exported 41.04 million tons of crude oil to China, making China the country’s largest oil importer, Russian media reported.
That means more than 12.5 percent of crude oil China imported last year was from Russia.
China and Russia signed a cooperation agreement on expanding bilateral trade in crude oil in 2013.
Following the agreement, CNPC signed a trade contract with Rosneft, Russia’s largest oil producer, to expand the supply of oil for China.
Buildinganewpipeline isthe mainactionunderthe contract.
Two China National Petroleum Corp employees collect crude oil transported from Russia at the valve chamber in Daqing, Heilongjiang province.
the annual crude oil transportation capacity of the second China Russia oil pipeline Two China National Petroleum Corp employees collect crude oil transported from Russia at the valve chamber in Daqing, Heilongjiang province.