Rosneft plans to increase oil supplies to China from 10 to 13 million tons per year starting in 2019 to 18 million tonnes per year by the mid 2020’s, it is reported by Kommersant, citing its own sources.

The additional volume of oil to Chinese oil company CNPC plans to direct Western Siberia oil fields with Rosneft (most likely, Samotlor) through Kazakhstan, which involves the removal of the volumes from the Western direction of exports. Delivery is envisaged, as in several previous cases, on a prepayment basis.

Market sources say that Rosneft was going to fix the corresponding intention to increase local transit already in September the Protocol of the Russian-Chinese intergovernmental Commission on energy, but this did not happen because of the inconsistency of the issue with the Ministry of energy and the Russian company Transneft.

Rosneft and the energy Ministry declined to comment. In September, the head of the company Igor Sechin spoke about the desire to increase supplies through Kazakhstan, without providing details.

Now Rosneft supplies oil to China via Kazakhstan under the contract with CNPC, signed in 2013, the volume of the original was intended for export via the pipeline Skovorodino-Mohe, but was transferred to Kazakhstan route because of the unwillingness of the Chinese section of the pipe. First, the volume of deliveries amounted to 7 million tons per year, and from 2017 10 million tonnes since January, Rosneft and CNPC have extended the contract for 3 million tonnes and extend the agreement until 2024

Earlier it was reported that Kazakhstan for the first time will start supplying gas to China in volume of 5 billion cubic meters per year.




Rosneft wants to increase oil supplies to China almost doubled media 10.10.2017

Share this news

Share to Google Plus
Share to LiveJournal
Share to Odnoklassniki