Rosneft To Export Extra 180,000 Bpd Of Oil To China This Year
MOSCOW, Feb 6 (Reuters) - Russia's biggest oil producer Rosneft will export an additional 9 million tonnes (180,000 barrels per day) of oil to China this year and is continuing talks to increase eastbound crude supplies further, the company said on Thursday.
President Vladimir Putin has made cooperation with energy-hungry Asia a priority for Russian companies as their business with fragile European economies falters and as nascent deposits in East Siberia are being developed.
A Rosneft spokesman said the company, which supplied over 300,000 bpd to China last year, would increase deliveries by 2 million tonnes to China National Petroleum Corp (CNPC) via a spur of the East Siberia-Pacific Ocean (ESPO) pipeline.
It would also ship 7 million tonnes to CNPC via Kazakhstan in 2014, the spokesman said in an email.
State-controlled Rosneft, for the first time revealing its plans for supply to China this year, said it was still in talks with China's top refiner Sinopec over additional oil flows in the coming decade.
Rosneft's president Igor Sechin, a close ally of Putin, has said that supplies of 1 million barrels per day to China in future was "realistic".
By increasing its oil deliveries to China, Rosneft has sent ripples through the global trading community and raised fears of undersupply to Europe, where refineries are suffering from high oil prices and low margins.
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