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(MosNews) - On Thursday, May 25, crude oil from Kazakhstan flowed into China through a newly completed pipeline that links the two countries. This is the first time that imported oil is directly piped into China. Industry insiders say construction of the oil pipeline is a win-win strategy for both countries as it enhances China's oil supply and proves an ideal outlet for Kazakhstan's oil export. "It has provided a direct link between Kazakhstan's rich oil resources and China's robust oil consumer market," said Yin Juntai, deputy general-manager of China Petroleum Exploration and Development Company, who was quoted by the Xinhua agency. Link |
