China on Monday began utilizing new customary to measure water content material within the imported pipeline crude oil from Russia to raised safeguard China’s financial curiosity, state power big — CNPC — stated on Monday.
Chinese high quality inspectors discovered that the Russian means of measuring the water content material confirmed a a lot decrease amount within the crude oil than it truly carried, CNPC stated
After consultations, the 2 sides agreed to make use of the Chinese customary.
China had since 2011 been importing Russian crude oil beneath a authorities settlement through the East Siberia Pacific Ocean pipeline that enters China at border city of Mohe.
Russia’s high oil producer — Rosneft — is about to ship 600,000 barrels per day of ESPO mix to PetroChina, CNPC’s listed arm, this 12 months, up 50 per cent from 2017.