cnpc\s annual oil import from russia to reach 461m tonnes
Last Updated : GMT 18:07:55
Arab Today, arab today
Arab Today, arab today

CNPC\'s annual oil import from Russia to reach 46.1m tonnes

Arab Today, arab today

Arab Today, arab today CNPC\'s annual oil import from Russia to reach 46.1m tonnes

Beijing - XINHUA

China National Petroleum Corporation (CNPC), the country\'s largest oil and gas producer and supplier, said Monday that the company\'s future crude oil import from Russia will hit 46.1 million tonnes annually. According to of a long-term agreement released by the CNPC, its yearly crude oil import from Russia through the Sino-Russian pipeline, the eastern line, will increase from the current 15 million tonnes to 30 million tonnes in 2018. The agreement for additional crude oil supply via the eastern pipeline will last 25 years and could be extended for another 5 years. Meanwhile, Russia will supply CNPC with 7 million tonnes of crude oil every year through the Sino-Kazakhstan crude oil pipeline, the western line, for five years starting from Jan. 1, 2014, which could be extended for another 5 years. Russia is also committed to provide another 9.1 million tonnes of crude oil for a joint venture refinery in north China\'s Tianjin, with CNPC and Russian oil giant Rosneft holding 51 percent and 49 percent stakes, respectively. Statistics showed that China imported 24.33 million tonnes of crude oil from Russia in 2012. Besides, CNPC and Russia\'s second largest natural gas producer Novatek signed a framework agreement to buy a 20 percent stake of the Yamal LNG project. With more than 1 trillion cubic meters of natural gas reserves, the project is expected to have the production capacity of 16.5 million tonnes every year. Feng Yujun, director of the Institute of Russian Studies of the China Institutes of Contemporary International Relations, said that the cooperation on oil and gas between China and Russia has entered a new stage of joint development. Wang Zhen, deputy director of the institute of Chinese energy strategy in China University of Petroleum, said that CNPC\'s cooperation in the upstream sector of Russian natural gas businesses will help achieve breakthroughs in bilateral negotiation on the natural gas pipeline.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cnpc\s annual oil import from russia to reach 461m tonnes cnpc\s annual oil import from russia to reach 461m tonnes

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cnpc\s annual oil import from russia to reach 461m tonnes cnpc\s annual oil import from russia to reach 461m tonnes

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday