news

 China and Russia signed a long-term contract of crude oil

China petroleum corporation released 24 ZengGong crude oil from Russia long-term trade contract in detail. According to this foreign crude oil trade in China's largest single contract amount of crude oil imports in the future Russia will reach 46.1 million tons a year, nearly one over ten of China's total oil consumption last year.

According to the contract, the Russian will be in at present the china-russia crude oil pipeline (eastern) 15 million tons/year capacity based on year after year to ZengGong crude oil in our country, to reach 30 million tons/year, 2018 ZengGong the contract is 25 years, can prolong 5 years; Through china-kazakhstan crude oil pipeline (west) in 2014 began ZengGong oil on January 1, 70, 00000 tons/year, the contract is 5 years, can be extended to five years. Russia also promised in the china-russia joint venture refinery built in tianjin after put into operation, to supply 9.1 million tons of crude oil every year.

---By Daitto Global Sourcing Service