China to import 27 mln tonnes of Russian oil in 2016 — Transneft

China has confirmed its readiness to import around 27 million tonnes of Russian oil in 2016, Tass news agency quoted Vice-President of Russia’s pipeline operator Transneft Sergey Andronov as saying.

“16.5 mln tonnes [will be delivered via] the Skovorodino-Mohe pipeline, 7 mln [tonnes] will be supplied across Kazakhstan and around 3.5 mln tonnes will be exported within the intergovernmental agreement via the port of Kozmino,” he said.

According to the data provided by the energy ministry, Russia exported 26.68 million tonnes of oil to China in 2015, a 17.5 percent increase compared with 2014, Tass said.

It said Transneft boosted oil exports to China in 2015 to 16 million tonnes from 15.6 million tonnes.

On March 30, Rosneft said oil supplies under direct contracts with Chinese partners surged by 14 percent to 31.1 million tonnes in 2015. First transit oil supplies to China through Mongolia were made last December, the company reported.

Two inter-governmental agreements stipulate Rosneft’s oil supplies to China at 20 milion tonnes per annum.

 

 

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