Rosneft CEO says Russian oil exports to China rise 10% in Jan–Oct

MOSCOW, Nov 29 (PRIME) -- Russian oil major Rosneft accounts for 7% of China's oil demand, while overall Russia's sales rose by 9.5% to 72 million tonnes in January–October, CEO Igor Sechin said at a Russian–Chinese business forum on Tuesday.

"Rosneft is the main Russian oil supplier to China, ensuring about 7% of the entire demand of the Chinese market in crude. The entire amount of exports of Russian oil to China rose by 9.5% and amounted to almost 72 million tonnes in January–October," Sechin said.

The official separately said that Russian electric power exports to China grew by 33% in the period and pipeline gas by 60%. Russia's coal exports to China amounted to 53 million tonnes in the period, accounting for about 23% of imports by the country.

Sechin said that the volume of pipeline gas sales can exceed 100 billion cubic meters per year in the future, and liquefied natural gas (LNG) sales may be comparable by amount.

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