China's Oil Giants Increase Oil Imports from Russia's Yukos

摘要

@@ To relieve the shortage in crude supply, sharp reduction of crude production by Daqing Oil Field in particular, Sinopec Corp has recently signed an agreement with OAO Yukos Oil Company to import 17 million tons of crude oil from Russia's second largest oil firm via a railway over the next four years.The first batch of the Russian oil will be delivered starting May 1 by a rail link from Russian territory to Erlianhaote in China's Inner Mongolia.