[Peakoil] KAZAKHSTAN: Oil piped into energy-hungry PRC for first time

[Antony Barry]

KAZAKHSTAN: Oil piped into energy-hungry PRC for first time

Source: China Daily

"Crude oil from Kazakhstan poured into China on Thursday morning  
through a newly-completed petroleum pipeline linking the two  
countries. This is the first time for imported oil to be directly  
pipelined into China. Industry insiders say construction of the oil  
pipeline is a win-win strategy for both countries as it enhances  
China's oil supply and proves an ideal outlet for Kazakhstan's oil  
exports.

The new oil shipping route will alleviate China's excessive reliance  
on the Straits of Malacca, a traditional route for 80 percent of  
China's imported oil. China, a net oil importer since 1993, is the  
world's No. 2 oil consumer next only to the United States. Last year,  
its crude oil import totaled 127 million tons."

Full article: http://www.chinadaily.com.cn/china/2006-05/25/ 
content_600060.htm

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