At the end of 2015, China overtook Germany and became the largest buyer of oil from Russia
China became the largest buyer of Russian oil by the end of 2015, overtaking Germany. About it in the monthly review according to the International energy Agency (IEA).
"The date of the Maritime transport suggest that China is importing more oil via ESPO. At the end of 2015, China overtook Germany and became the largest buyer of oil from Russia", - said in the review.
In January, China imported about 60% of the oil that was shipped through the Russian company Transneft-Port Kozmino. In addition, small refineries in the North of the country recently began to import crude oil from Russia by rail.
According to the General administration of customs of China, the country in 2015, imported a record volume of oil due to low prices for oil, increasing supply by 8.8% - up to 334 million tons (6.7 million barrels per day). Only in December 2015, China imported about 33,19 million tons of oil.