What changes China-Russia oil pipeline has brought?
- By Fan Yingchun and Gao Xing
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People's Daily, January 6, 2012
The nearly 1,000-kilometer-long China-Russia oil pipeline had transported more than 15 million tons of crude oil from Russia to northeast China as of 00:47 a.m. on Jan. 1, 2012. The pipeline has met all required economic and technical standards, and been in smooth operation for a year.
Maximum annual capacity of 30 million tons
The crude oil pipeline starts at the Skovorodino oil pumping station of Russia’s East Siberia-Pacific Ocean oil pipeline, passes China’s Heilongjiang province and Inner Mongolia Autonomous Region, and ends in Daqing, Heilongjiang province. It has a designed annual delivery capacity of 15 million tons, and a maximum annual capacity of 30 million tons.
Previously, China’s oil imports from Russia mainly relied on rail transportation. The China-Russia crude oil pipeline with higher conveying capacity and lower transportation costs has created a stable market for Russia’s crude oil exports, and provided stable oil supplies to China.
China imported 210 million tons of crude oil in the first 10 months of 2011, up nearly 9 percent from the previous year.
Prospect of China-Russia cooperation is wide
The China-Russia oil pipeline has been put into operation, which indicates that Russia's energy output target is moving from the traditional west to the east. It also has great significance for China and Russia to strengthen their cooperation, vice president of the Institute of Far East Studies of Russian Academy of Sciences Sergey said.
Sergey believes that China is not only a consumption and transportation country of Russia's energy but also provides huge sums of loans for Russia's energy companies. Since the China-Russia oil pipe line has been put into operation, China is also turning into a window for Russia to export energy to Asia. It has laid the foundation for the two countries to expand their cooperation in the whole energy area.
Experts said that China and Russia will also actively expand their cooperation in such areas as the electric power, coal, nuclear power, energy efficiency and renewable energy.
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