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In June 2009, Russia and China signed a deal to build the spur pipeline to China by which Russia supplies China with 15 million tonnes of oil (300,000 barrels per day (48,000 m 3 /d)) each year for 20 years in exchange for a loan worth US$25 billion to Russian companies Transneft and Rosneft for pipeline and oil fields development.
Four days before Wen's visit, Yukos, then the largest supplier of Russian oil to China and Russia's biggest oil producer, publicly announced that rail shipments of crude oil to the China National Petroleum Corporation (CNPC) would end beginning on September 28, 2004. The Kremlin had begun auctioning off the troubled company's operating assets a ...
Power of Siberia (Sila Sibiri, formerly named the Yakutia–Khabarovsk–Vladivostok pipeline, also known as China–Russia East-Route Natural Gas pipeline; Russian: Сила Сибири, Chinese: 中俄东线天然气管道; pinyin: zhōng é dōng xiàn tiānránqì guǎndào) is a Gazprom-operated pipeline in Eastern Siberia that transports natural gas from Yakutia to Primorsky Krai and China.
Russia exported twice as much liquefied petroleum gas to China in 2022, compared to 2021, and China’s crude oil imports from Russia hit 1.65 million barrels per day in March, making Beijing the ...
Russia-China trade via the Arctic Ocean’s Northern Sea Route between Europe and Asia is also on the rise. At least 11 ships transported Russian crude oil to China via the route in 2023; in 2022 ...
Comparison of proven oil reserves from some widely used sources (billions of barrels, as of 31 Dec 2014) Source. Canada. Iran. Iraq. Russia. Saudi Arabia. United States. Venezuela.
Approximately 72% of world oil production came from the top ten countries, and an overlapping 35% came from the twelve current OPEC members. Members of OPEC+, which includes current OPEC members produce about 60% of the world's petroleum. In addition to being top 5 in oil production, the United States and Russia are also top 5 in oil exports ...
China National Petroleum Corporation ( PetroChina) Jinzhou Petrochemical Refinery, 112,000 bbl/day. WEPEC Dalain Refinery, 200,000 bbl/day. Sinopec Jinan Company, 21,000 bbl/day. Sinopec Qilu Company Refinery, 195,000 bbl/day. Sinopec Shanghai Gaoqiao Oil Refinery, 220,000 bbl/day.