First Chinese oil import pipeline a step towards supply diversity

Amid new projections last month that growth in China’s oil demand was slowing, construction progressed on a nearly 1,000-km (621-mile) segment of a much longer oil pipeline from Kazakhstan to China’s northwest province of Zinjiang.The line is one of several proposed projects in recent years aimed at narrowing the annual gap between oil supply and demand.A much-debated oil line from Russian Siberia, which was set to by-pass China in favor of Japan, may still be a strong possibility for the Chinese. Chinese Pres. Hu Jintao was to visit Russia and Kazakhstan in early July to talk about the pipeline (OGJ online, June 30, 2005).Ahead of Hu’s visit, Deputy Chinese Foreign Mini...

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