China-Russia oil pipeline delivers 100 mln tonnes
Source: www.chinamining.org Citation: Xinhua Date: May 22, 2017
A China-Russia oil pipeline has transported 100 million tonnes of crude oil in the five years since it began operations, local customs said Saturday.
The pipeline delivers oil from Russia`s far-eastern region to China through its northeastern provinces.
The 1,000-km line originates in the Russian town of Skovorodino in the Amur region, enters China at Xingan and terminates at Daqing City in Heilongjiang Province. It went to use on January 1, 2011.
The pipeline has reduced costs and raised the efficiency of China`s oil imports from Russia, which had previously relied on rail.
According to the agreement between the two countries, the pipeline will transport 15 million tonnes of crude oil from Russia to China each year until 2030.
China consumed about 560 million tonnes of crude oil in 2016, 65 percent of which were imported, and both oil consumption and the proportion imported will continue to rise, according to China National Petroleum Corporation, China`s largest oil producer and supplier.
About CHINA MINING
Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
CHINA MINING Congress and Expo 2017 will be held at Meijiang Convention and Exhibition Center in Tianjin in September 23-25, 2017. We invite you to join the event and to celebrate the 19th anniversary of CHINA MINING with us. For more information about CHINA MINING 2017, please visit: m.balanzskin.com.
