Economics
Russia Seen Extending Oil-Sales Lead With Second China Pipeline
This article is for subscribers only.
Russia is set to strengthen its position as the biggest oil supplier to China in the coming decade with a planned second pipeline link to Chinese refineries, according to a unit of Fitch Group Inc.
A construction contract was signed between two units of state-run China National Petroleum Corp. for a domestic pipeline carrying Russian crude, the country’s official Xinhua News Agency reported June 26. The 955 kilometer (594 mile) facility from Mohe to Daqing in northeast China will have an annual capacity of 15 million metric tons, it said.