Sunday, January 2, 2011

China-Russia oil pipeline launched

"The pipeline, linking Siberia to refineries in the northeastern Chinese city of Daqing, started its operation on Saturday.

"At 11:50 a.m., Yao Wei, general manager of the Pipeline Branch of Petro China Co., Ltd. (PBPC), pushed a button in the China-Russia border county of Mohe, Heilongjiang Province, five hours after the crude oil began being pumped through the pipeline to the border, marking the official start of operations after a two-month trial," China's Xinhua news agency reported.

As the first oil pipeline between Russia and China, it will allow Beijing to increase its oil imports from Moscow.

A total of 2,694 kilometers of the pipeline was constructed on the Russian side and some 930 kilometers of it was assembled in China.

Under a 2009 deal, China will import about 300,000 barrels or 15 million tons of oil per day through the new pipeline each year until 2030..."

at http://www.presstv.ir/detail/158271.html

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