Post sponsored by NewzEngine.com

MIL OSI Translation. Region: Russian Federation –

09/20/2021

The cost of oil purchased by China from Russia in January-August increased by 30.4% year-on-year, to $ 25.1 billion, the PRC General Customs Administration reported on Monday.

As follows from the statistics published on the agency’s website, the dynamics turned out to be 7 percentage points higher than in January-July. Despite the growth of imports in value terms, over eight months, the physical volume of the energy carrier imported from Russia to China decreased by 7.3%, to 52.92 million tons.

According to the published data, Russia is in second place among the leading oil suppliers to China. The first belongs to Saudi Arabia, which sold 58.49 million tons to China in January-August for $ 27.26 billion (an increase of 4.8% and 47%, respectively).

Russia is followed by Iraq (36.6 million tons for $ 16.75 billion), Oman (29.94 million tons for $ 13.89 billion) and Angola (26.13 million tons for $ 12.38 billion). The United States continues to occupy tenth place (9.94 million tons for $ 4.73 billion).

Russia in 2020 ranked second after Saudi Arabia in the list of the largest oil suppliers to China. For 12 months, Beijing bought more than 83.4 million tons of oil from Moscow for about $ 27.6 billion. Saudi suppliers during this period purchased 84.9 million tons for $ 28 billion.

A source: TASS

Read all news  

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

MIL OSI Russia News