China-Russia oil pipeline fuels trade

Huge capacity of link to enhance energy security, cut costs

A new China-Russia oil pipeline will help guarantee China's oil consumption and, cut its transportation costs, said Gao Jian, an oil analyst at commodities consultancy Sublime China Information Co Ltd.

Compared with other countries, Russia has oil of quite good quality, and its location near China makes it competitive in exporting oil to China, Gao said, adding that Russia will certainly become China's largest exporter of oil in the near future.