Russian oil imports in China in May of this year grew by 55% in annual terms and about a quarter compared to April, reports Reuters with reference to Chinese customs data.
According to the results of the month, the rate of supply of raw materials reached a record level. As a result of this, Russia came to first place in the supply of raw materials to China, ahead of Saudi Arabia. According to the results of May, the imports of Russian oil, including the supply of eastern Siberia – the Pacific Ocean and the sea transportation from the European and Far Eastern ports of Russia, amounted to almost 8.42 million tons. This indicator is approximately 1.98 million barrels per day and 25% More than 1.59 million barrels a day in April. So, Saudi Arabia became the second largest importer of Russian oil. According to the results of May, the volumes of supplies increased by 9% compared to the indicator of May last year and amounted to 7.82 million tons, or 1.84 million barrels per day.
The publication notes that the main reason for the growth of export from Russia was large oil discounts. With discount fuel, Chinese state companies Sinopec and Zhenhua Oil buy.