China has been the top oil importer from Russia for three consecutive months including last July.
The news agency Reuters said in a report that this information is available in a report published on Saturday.
Russia has been selling oil to allies at special discounts due to Western sanctions since the military operation in Ukraine. China is buying oil at that special discount. Therefore, the country has reduced the amount of oil imports from Angola and Brazil.
According to the data of China’s General Administration of Customs, a year ago, the country’s oil import from Russia increased by 7.6 percent to a total of 71 lakh 50 thousand tons.
These oils are being imported by ship through East Siberia Pacific Ocean Pipeline and Russia’s European and Far East Asian ports.
However, in May, Russia’s daily supply record was about 2 million barrels, but in July it decreased to 1.68 million barrels. China is the largest buyer of Russian oil.
Since the beginning of this year, China has imported a total of 48.4 million 50 thousand tons of oil from Russia and 4 million 98 million 40 thousand tons of oil from Saudi Arabia.
China did not import any oil from Venezuela and Iran last month. In 2019, China’s state-owned companies began reducing oil imports from Iran and Venezuela amid fears of US sanctions.
(20th August)