GENERICO.ruEconomicsSechin noted the safety of oil exports from Russia to China

Sechin noted the safety of oil exports from Russia to China

BEIJING, Oct. 19. Russian oil is supplied to China via the Eastern Siberia – Pacific Ocean (ESPO) oil pipeline; in the context of events in the Middle East, it is important to note the security of supplies from Russia, said the head of Rosneft, executive secretary of the Commission under the President of the Russian Federation on the strategy for the development of the fuel and energy complex and environmental safety Igor Sechin during a speech at the Russian-Chinese Energy Business Forum in Beijing.
“”In the context of the events currently taking place in the Middle East, it is important to note the security of Russian oil supplies to China. This oil is supplied via the ESPO oil pipeline, which in the current situation seems to us to be a much more reliable transportation channel compared to tanker transportation through the Strait of Hormuz or the Suez Canal due to the growing geopolitical instability of these regions,” Sechin said.
The situation in the Middle East escalated after Israel was attacked by rockets from the Gaza Strip on October 7 as part of Operation Al-Aqsa Flow, announced by the military wing of the Palestinian Hamas movement. The organization's fighters also penetrated into border areas in the south of the country. Israel announced a complete blockade of Gaza and began carrying out airstrikes on targets, including civilians, in the strip.

The day before, Iranian Foreign Minister Hossein Amir Abdollahian called for an oil embargo and a number of other sanctions against Israel.

The Fifth Russian-Chinese Energy Business Forum opened in Beijing on Thursday. The event has been held annually since 2018. The forum is held under the auspices of the Commission under the President of Russia on the strategy for the development of the fuel and energy sector and environmental safety and the State Energy Administration of the People's Republic of China, co-organized by Rosneft and the Chinese CNPC.

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