Business & Economy

Russia tops the list of oil exporters to China

China announced an increase in oil imports from Russia, in May, by 55% on an annual basis and by about a quarter compared to last April.

The monthly volume of oil supplies reached a record level, according to data from customs in China.

International media also reported that oil imports to China from Russia in May increased by 55 percent compared to last year and reached a record level.

Russian oil imports, including supplies through the East Siberian and Pacific pipelines and shipping from the ports of Europe and the Far East of Russia, amounted to approximately 8.42 million tons last May, which is equivalent to about 1.98 million barrels per day.

And thus, Saudi Arabia became the second largest supplier, as May volumes increased by 9%, compared to May of last year, and amounted to 7.82 million tons, or 1.84 million barrels per day.

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