Kazakhstan doesn't intend to reduce oil supplies to China
18:10, 9 February 2015
ASTANA. KAZINFORM - Kazakhstan doesn't plan to reduce oil supply to China because of the global reduction of prices for oil, Chairman of the Board of "KazMunaigaz" JSC Sauat Mynbayev told during the CCS media briefing.
"China is a country benefiting from the reduction of prices for oil, because China is a net petroleum-exporting country. In terms of the volume of export of the oil from Kazakhstan to China, there are no serious changes so far. In particular, the volume of this export is about 5 mln tons per year. However, we transit about 7 mln tons of Russia's oil, and as a result China has about 12 mln tons a year imported from Kazakhstan and Russia," S. Mynbayev noted.