The hottest Russian oil destination has changed, a

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The Sino Russian oil pipeline negotiation, which has been concerned for 14 years, has finally come to an end, but the China road of Rosneft has just begun

on July 20, Liaoyang Petrochemical reconstruction and expansion project, which was positioned as an important supporting point of the Sino Russian oil agreement by PetroChina, officially started construction. The project will be completed by the end of 2010. After completion, Liaoyang Petrochemical's refining capacity will increase from 5.5 million tons per year to 10 million tons per year, all of which will be used for the refining of Russian oil

according to previous news, Rosneft will mainly provide oil to the Sino Russian East Tianjin oil refining project, which is a joint venture between China and Russia. Facts have proved that this plan has changed

"this is the first oil refining project approved by PetroChina after the financial crisis." On July 21, Liaoyang Petrochemical said that the project was finalized by the leaders of CNPC, the Liaoning provincial government and the heads of Liaoyang Petrochemical after the two sessions this year

it is understood that in addition to Liaoyang Petrochemical, several other PetroChina refineries in the three northeastern provinces may also participate in the refining of Russian oil. The Sino Russian East Tianjin oil refining project seems to be facing the situation of no oil to refine

On February 17 this year, China and Russia officially signed a $25billion "loan for oil" agreement, forming a trade cooperation framework for long-term oil supply, that is, Russia has steadily supplied a total of 300 million tons of crude oil to China through pipelines in 20 years from 2011, with an average of 15 million tons per year

there were two voices in the industry about the whereabouts of Russian oil at that time: first, it was transported to Tianjin to provide oil sources for the 15million ton oil refining project of China Russia Eastern Tianjin; 2、 After more than ten years of stable production of 50million tons in Daqing Oilfield, the production will be reduced to 40million tons, and Rosneft can make up the above gap in an appropriate amount

in the past five months, Liaoyang Petrochemical, which had not entered the public's attention before, was positioned by PetroChina as "an important supporting point of the Sino Russian stone limited oil investment agreement"

"many refineries in Northeast China want to refine Russian oil, and we have been fighting for it." According to the above Liaoyang Petrochemical personage, the advantage of this enterprise is that it has been committed to refining Rosneft since 2004. "As far as PetroChina system is concerned, it is us and Dalian Petrochemical that refine high sulfur crude oil such as Rosneft."

it is understood that Liaoyang Petrochemical, which started with aromatic products, is relatively weak in refining and chemical projects. In order to change this situation, Liaoyang Petrochemical began to try to refine Russian oil, which general refining and chemical enterprises are unwilling to refine. "After internal demonstration and repeated comparison, we finally decided to refine all Russian oil." The person said

in 2006, after reconstruction and expansion, Liaoyang Petrochemical's refining capacity increased from 3million tons/year to 5.5 million tons/year, and became the only domestic unit for single transmission and single refining of Russian crude oil

in March of this year, PetroChina and the Russian crude oil transportation company signed the memorandum on the feasibility study of the construction of the crude oil pipeline from Skovorodino, Russia to the Sino Russian border. At that time, public opinion believed that Liaoning would build China's largest Russian oil processing base. At that time, the Sino Russian Eastern Tianjin refining and chemical project had not yet been established

the fact is that although Liaoyang Petrochemical is rebuilt and expanded again, it still cannot refine all Russian oil

in January 2005, China and Russia signed a five-year railway oil supply agreement. When the "loan for oil" agreement was signed, media reports said that the agreement was not exclusive of the railway oil supply agreement. In 2010, if the above conditions are normal, the two sides are likely to consider renewing the oil supply agreement after it expires. According to this calculation, after 2010, Russia's oil supply to China is likely to exceed 20million tons/year

professor Shaoqiang of Daqing Petroleum Management College received the news: "the distribution of Russian oil has been divided, and Daqing Petrochemical will get 9million tons/year in the first stage, and then it may increase."

the above Liaoyang Petrochemical personage also said: "PetroChina Liaoyang Petrochemical, Daqing Petrochemical and Dalian Petrochemical are all possible to refine Russian oil. The intention of the headquarters is to digest all the pipeline Russian oil in the northeast, and then transport the finished oil to the country."

it is reported that Liaoyang Petrochemical product oil export pipeline project has also been started in advance and will be completed and put into operation before the end of this year. Then the refined oil of Liaoyang Petrochemical will be transported by sea from Yingkou port to coastal cities

sketch of potential agreements

"PetroChina's refineries in Northeast China are quite dense. With the reduction of production in Daqing Oilfield and the reconstruction and expansion of refineries, this crude oil gap has significantly expanded." The above-mentioned person said that the refining of Russian oil in the Northeast meets the development needs of PetroChina and the economic requirements of nearby refining

but the question is, what about the starving Sino Russian Eastern Tianjin oil refining project

In March, 2006, PetroChina and Rosneft signed the agreement on basic principles for establishing joint ventures between China and Russia to deepen oil cooperation. The agreement includes the establishment of two enterprises in China and Russia

in the same year, the two companies established "Oriental Energy" in Russia, but the enterprises of the two sides in China have been missing for a long time. Until the end of 2007, the Russian oil company will revise the coefficient of the pneumatic sensor every year. Sergei bogdanchkov, President of the Department, told the outside world that he and China National Petroleum Corporation are conducting technical and economic argumentation on building a joint-venture refinery in Tianjin, China

in order to implement this project, the two sides established a joint venture China Russia Dongfang Petrochemical (Tianjin) Co., Ltd., and then the production scale originally planned to be 10million tons/year was increased to 15million tons

the news from Tianjin is that China Russia Orient has carried out preliminary work, and it is expected that the project will be officially constructed in 2010 and put into operation in 2012

some people believe that the Sino Russian Tianjin project can not be completed before the Sino Russian pipeline is connected with oil, so the Russian oil refining capacity in Northeast China can be developed. However, hanlihua, director of the research department of the China foundation for international studies, believes that the raw materials for the Sino Russian Eastern Tianjin project are entirely another issue that needs to be resolved in the agreement

"at present, the project is still in the preliminary work, so the supply of raw materials has not been put on the agenda." Hanlihua said that according to Russia's plan, 50million tons of crude oil per year will be transported to the Far East by sea from Russia's Dongfang port, and China is the most important crude oil market in the Far East. The raw materials for the Sino Russian Tianjin project are likely to come from Dongfang port, "but it also depends on the negotiation between the two sides, and it is also possible to transport by rail"

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