December 21, 2022
The country has overtaken Saudi Arabia, which saw its Asian exports decline in November
Russia boosted oil deliveries to China by 17% in November from one year earlier, overtaking Saudi Arabia to become the country’s top supplier, Chinese customs announced on Tuesday.
This comes as Chinese refiners have been rushing to stock up on oil ahead of the EU price cap, which took effect on December 5.
Deliveries of Russian crude, including oil pumped through the East Siberia Pacific Ocean (ESPO) pipeline and seaborne shipments from Russia’s European and Far Eastern ports, amounted to 7.81 million tons last month. This is equivalent to 1.9 million barrels per day, compared to 1.82 million bpd in October.
Iraq is ranked third in oil deliveries to China, with 50.4 million tons worth $35.9 billion, followed by the United Arab Emirates with 37.86 million tons worth $28.9 billion, and Oman with 35.9 million tons worth $26.7 billion.
This article was originally published by RT.
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