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Three Chinese Corporations Amongst Forbes’ List of 20 Largest Buyers of Russian oil

By Joanna Law (People's Daily Online)    05:27, April 20, 2016

File photo: Oil field in Russia

The Russian edition of Forbes magazine has recently published a list with a ranking of the 20 largest buyers of Russian oil, with three Chinese corporations enlisted.

China National United Oil Corporation is among all ranked the second place, after Swiss-based Litasco, with the volume of purchases in Russia amounts to 26.9 million tonnes, 53.6 per barrel, while the Swiss firm Litasco 5.8 million tonnes of oil by 49.7 per dollar per barrel.

Concept Oil Services, ranking the tenth place, was the second Chinese corporation amongst others, with contracts of 2.3 billion dollars awarded and the volume of purchases in Russia amounted to 5.9 million tonnes.

China International United Petroleum & Chemicals Co., Ltd came in the fourteenth place, with contracts of 2 billion dollar awarded to the company and the volume of purchases reached 4.9 million.

The top ten ranking buyers also includes: Swiss Total Oil Trading, Trafigura, Polish Orlen, British Shell International Trading, Swiss Mercuria Energy Trading, the Irish Ros-GIP Limited, controlled by Glencore, Swiss Tatneft Europe.

In 2015 Russia exported 244,5 million tonnes of crude oil worth about to 89.6 billion.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Bianji,任建民)

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