On February 14, an expert from the Energy Research Institute under the National Development and Reform Commission confirmed to a reporter that the Chinese government is actively evaluating the roles and development of four key oil transportation corridors—China-Kazakhstan, China-Russia, China-Myanmar, and the Malacca Strait—to enhance the security of the country's oil imports.
The expert emphasized that the Malacca Strait remains a critical route for China’s oil imports, accounting for approximately 80% of the total volume. The China-Kazakhstan pipeline was successfully connected at Alashankou in Xinjiang in November of last year, with full operations expected by December. Currently, the pipeline has reached Jinghe County, about 300 kilometers west of Dushanzi Petrochemical Company. Meanwhile, discussions are ongoing for the Sino-Russian and Sino-Burmese pipelines.
The first phase of the Sino-Russian pipeline will stretch from Irkutsk’s Trieste to Skovorokino in Amur Oblast, with completion planned for 2008. Skovorokino is just 69 kilometers from the Heilongjiang border. The China-Myanmar pipeline, on the other hand, is proposed to run from Ruili to Sittwe Port in Myanmar, covering a total distance of around 1,000 kilometers. This project is seen as a strategic move to reduce reliance on the Malacca Strait, which has previously posed a risk to China’s oil supply.
According to the expert, with China’s continued economic growth, the country is becoming increasingly dependent on imported oil. To mitigate risks, it is crucial to accelerate the development of four major oil import corridors, ensuring more diversified and secure supply routes.
In 2005, China’s oil dependence reached 42.9%, and the country is expected to become a major oil importer soon. With domestic production limited to between 180 million and 200 million tons annually, demand is projected to rise sharply. By 2020, consumption is expected to reach 500 million tons, requiring 300 million tons to be imported, pushing foreign dependence above 60%—surpassing even the U.S.’s current level.
Experts also highlighted the impact of rising international oil prices and supply uncertainties in 2005, which led to losses across various industries, including refining, petrochemicals, and chemical manufacturing. To meet domestic demand, crude oil processing capacity is expected to increase by 15 million tons in 2006, reaching 300 million tons, with a significant portion coming from overseas sources.
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