China National Petroleum Corporation and Russian companies to build Sino-Russian crude oil pipeline into operation next year

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China National Petroleum Corporation Zhou Jiping, deputy general supervisor said yesterday that Chinese and Russian oil businesses functioning in China and Russia to construct oil pipeline building will be the end of this month, output by the end of 2010.

Zhou Jiping oil in the annual communal blame report in 2008, said that in 2008 oil oil and gas scheme in the building of a foremost innovation channel. Central Asian natural gas pipeline and gas line building, the second stage of Sino-Kazakhstan crude oil pipeline welding culmination of the major pipeline, which will protected the provide of household oil and gas to open up new passages of power trades, to encourage worldwide power collaboration in the region.

China National Petroleum Corporation in February of this year with the Russian oil companies and the Russian national oil companies signed the pipeline transport of crude oil trade long-term agreement. And with the Russian national oil pipeline transport company, signed the Sino-Russian crude oil pipeline design, construction and operation of the agreement.

The two boundaries in the Russian Far East will be a crude oil pipeline venture on the foundation of the co-construction and performance from the Russian Far East habitation of Skovorodino by the China perimeter township of Mohe to the Sino-Russian crude oil pipeline of Daqing. Pipeline put into performance, Russia will in the next 20 years, China’s annual end wares to 15 million tons of crude oil.

China National Petroleum Corporation said that, as at the end of 2008, China National Petroleum Corporation has bought into in Kazakhstan more than 7 billion U.S. dollars.

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