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Oil supplies from Russia to China increases to 1.83 mln barrels daily

Oil supplies from Russia to China increased to 1.83 mln barrels daily as of the end of September 2020, Argus price agency says on Friday.

“Russia ranks second with 1.83 mln barrels per day,” Argus says. This is the highest import figure since June. “CNPC started pipeline deliveries of ESPO [Russian export oil blend – TASS] blend to their refinery in Daqing (Heilongjiang Province) with the capacity of 190,000 barrels daily, where the upgrade has been completed recently. China in total purchased 504,000 barrels per day of ESPO blend,” Argus says.

PetroNeft Resources plc (LON:PTR) is an international oil and gas exploration and production company, focussed on Russia. The company’s s shares are listed on the London AIM and Dublin ESM Markets.