China wants more pipelines for improved oil import security

01/03/2005
Construction is under way on the second part of the 1,000-km (621-mile) Sino-Kazakhstan crude oil pipeline (Atasu, Kazakhstan, to Alataw Shankou, China). The project is under the direction of China National Petroleum Corp. (CNPC) and KazMunaiGas, the Kazakhstan National Petroleum Corp.The first phase of construction is designed to move 10 million tonnes/year (tpy) and cost $700 million. Work will be completed in 2005.Phase 2 of the project is planned for completion in 2011 and will increase Kazakhstan's oil exports to China by 20 million tpy. The project is especially important to China because it reduces the country's dependence on the Malacca Straits for its oil supplies.China&#...
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