Rosneft signs 10-year pipeline crude supply deal with CNPC Inflows to help boost throughput in the region, fill SPRs Russian crude accounted for 15.5% market share in China in 2021 China’s new term crude supply deal from Russia via pipeline is unlikely to make a significant dent on seaborne inflows into Asia’s top oil consumer but will aid in building larger strategic petroleum reserves in the northwest as well as give refiners in the region confidence to boost throughput, analysts said Feb. 8. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The deal, which comes at a time when oil prices are not very far away from $100/b, will give more breathing room for the oil sector in China at a time when global supplies remain relatively tight as OPEC and its allies struggle to increase the output. State-run oil giant Rosneft […]