Russia becomes China’s top oil supplier amid Ukraine war sanctions
- Date: 21-Jun-2022
- Source: The Guardian
- Sector:Oil & Gas
- Country:Saudi Arabia
Russia becomes China’s top oil supplier amid Ukraine war sanctions
China’s crude oil imports from Russia soared by 55% from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners cashed in on discounted supplies amid sanctions on Moscow over its invasion of Ukraine.
Imports of Russian oil, including supplies pumped via the east Siberia Pacific pipeline and seaborne shipments, totalled nearly 8.42m tonnes, according to data on Monday from the Chinese general administration of customs.
The shipments are equivalent to almost 2m barrels per day (bpd) and up a quarter from 1.59m bpd in April. China is the world’s biggest crude oil importer.
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