China's CNPC Signs Contract to Build Second Pipeline for Russian Crude


BEIJING, June 26 (Reuters) - Chinese state energy giant China National Petroleum Corporation has signed a construction contract for a second domestic pipeline to carry Russian crude oil from Mohe to Daqing, a company-run newspaper said on Friday.

While giving no further details about the pipeline or the timeline of its construction, the China Petroleum Daily said the contract was signed on June 19.

Since 2011, Russia has been supplying China with around 300,000 barrels per day (bpd) of crude oil via a spur of the Eastern Siberia-Pacific Ocean (ESPO) oil pipeline running from Skovorodino in Russia to Mohe, from where an existing pipeline carries the oil to Daqing.

In June 2013, CNPC and Russia's Rosneft agreed to double flows of ESPO crude to China by 2018.

(Reporting By Adam Rose; Editing by Tom Hogue)

Copyright 2016 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Corrosion Control Document Facilitator
Expertise: Corrosion Engineering|Refinery Specialist|Technical Writing
Location: Houston, TX
Regulatory Compliance Specialist
Expertise: HSE Manager / Advisor|Offshore Position Surveying|Regulatory Compliance
Location: Houston, TX
Shipping and Receiving Specialist
Expertise: Logistics Management|Port Operations
Location: College Station, TX
search for more jobs

Brent Crude Oil : $50.47/BBL 0.98%
Light Crude Oil : $49.72/BBL 1.09%
Natural Gas : $2.76/MMBtu 1.09%
Updated in last 24 hours