No Breakthrough on Oil Pipeline Between Russia and China – Andrew Yeh

From the Financial Times (link)

Beijing and Moscow on Tuesday inked several agreements as part of a state visit by Russian President Vladimir Putin, the most crucial focusing on long-term energy co-operation in oil and natural gas.

But no accord was reached over the route of an oil pipeline from east Siberia seen as crucial to China’s securing access to Russian oil and gas, highlighting Chinese officials’ growing frustration over the failure to reach concrete deals with Russia.

Energy-hungry China depends on Russia oil imports that account for about 5 per cent of its total foreign purchases and currently are delivered via an overloaded rail system.

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