August 27, 2009
China Russia Oil Imports Up 37%
Chinese imports of Russian crude oil rose 30% in the 2nd Quarter and were up 37% Year-on-Year to around 347,000 barrels/day.
Meanwhile the East Siberian Oil Pipeline is on schedule with the Skovorodino to Daqing (China's biggest oil refining center in Heilongjiang Province) link expected to go online October 2010. [corrected text:] It is anticipated that the pipeline will have a capacity of 15 million tons of crude oil a year when it is fully operational....
Meanwhile the East Siberian Oil Pipeline is on schedule with the Skovorodino to Daqing (China's biggest oil refining center in Heilongjiang Province) link expected to go online October 2010. [corrected text:] It is anticipated that the pipeline will have a capacity of 15 million tons of crude oil a year when it is fully operational....
Labels: energy security, oil, peak oil, pipeline, russia
# posted by Sinomania! : 8/27/2009 11:01:00 AM
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The pipeline will intersect at the border in Mohe County, Heilongjiang. Mohe is known as China's "north pole" the coldest place in the country with famous auroras at night. A new airport opened there just last year, the northernmost (civil) airport in China. The airport was no doubt to benefit the pipeline effort. Look for this area to experience a boom and perhaps into a lower 'Tier City'. Opportunities for investors, exporters? China Southern flys daily from Beijing to Harbin to Mohe. Chinese press say the pipeline hub is at Xing'An Town.
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