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Rosneft for the first quarter exported to China through Kazakhstan 1,7 million tons of oil
In the first quarter of 2014, NK Rosneft exported 1,7 million tons of oil to China in transit through Kazakhstan. Vice-President of the company Svyatoslav Slavinsky announced this during a conference call, ITAR-TASS reports.
Rosneft received $ 2014 billion in 20 as the first tranche of prepayment for oil supplies in the amount of over 360 million tons over 25 years. Oil is supplied to China by Rosneft both through an oil pipeline branch from the ESPO and in transit through Kazakhstan.
China is interested in a route through Kazakhstan, since the Chinese company CNPC owns 50% of the Atasu-Alashankou oil pipeline, which is not currently loaded at full capacity. The exchange operations will allow Kazakhstan to load the oil pipeline to China at the expense of the freed up volumes supplied now to the West.