A Sino-Russian crude oil pipeline was scheduled to be completed and begin operation by October 31 this year, China National Petroleum Corporation (CNPC), China's largest oil and gas producer, reported on June 14. Construction of the 999-km pipeline project, with 72 kilometers within Russia and 927 kilometers in China, began last year. CNPC said welding of the pipeline section in China, or the 927-km Mohe-Daqing trunk, has completed, and the Russian section was also about to be finished soon.
The pipeline starts from east Russia's Skovorodino town in its far-eastern Amur region to end at China's northeastern city of Daqing. The pipeline project is part of a bilateral loan-for-oil deal reached in February 2009 between the two countries, under which China offers Russia 25 billion U.S. dollars of long-term loan and Russia will supply a total of 300 million tons of oil through pipelines to China from 2011 to 2030.
