‘The oil friendship’: the state of and prospects for Russian-Chinese energy cooperation. OSW Commentary NUMBER 197|17.02.2016

Kaczmarski, Marcin and Kardas, Szymon (2016) ‘The oil friendship’: the state of and prospects for Russian-Chinese energy cooperation. OSW Commentary NUMBER 197|17.02.2016. [Policy Paper]

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Abstract

The oil sector has been the major element of Russian-Chinese energy cooperation. The years 2013–2015 saw a significant increase in the volume of crude oil exported by Russia. In 2015, China became the main importer of Russian oil; Russia became the second largest supplier of oil to the Chinese market, after Saudi Arabia. From Beijing’s perspective, supplies of Russian oil are of strategic importance because the main supply routes are overland routes. Russia, for its part, is interested in boosting its export because of its deteriorating position on the European market, which hitherto has been considered a strategic market.

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