In 2016 Russia became the largest supplier of oil for China

Almaty. January 24. Silkroadnews – In 2016 Russia became the largest supplier of oil for China, the newspaper “Kommersant” wrote.

“Russia overtook Saudi Arabia in 2016 for the first time to become China’s biggest crude oil supplier with 1.05 million barrels of oil supplied per day”, the publication says with reference to China’s General Administration of Customs.

Compared to 2015 the delivery volume rose nearly 25%. Last year Saudi Arabia exported to China 1.02 million barrels per day.

As the newspaper reminds, having bought “Bashneft” “Rosneft” extended a contract with China’s CNPC dated 2013 on supply of oil throughout 2024 increasing the volume supplied 30% to 10 million tonne per year. The oil delivery is carried out through the territory of Kazakhstan.