On February 14, an expert from the National Development and Reform Commission’s Energy Research Institute confirmed to a reporter that China is actively evaluating the role and development of four key oil transportation corridors—China-Kazakhstan, China-Russia, China-Myanmar, and the Malacca Strait—to enhance the security of its oil imports.
The Malacca Strait remains a critical route for China’s oil imports, accounting for approximately 80% of total oil imports. Meanwhile, the Sino-Kazakhstan pipeline has made significant progress. It was successfully connected at Alashankou in Xinjiang in November of last year, and by December, the pipeline was ready for full operation. Currently, it has reached Jinghe County, 300 kilometers west of Dushanzi Petrochemical Company. 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 the Amur region, with completion expected by 2008. Skovorokino is just 69 kilometers from the Heilongjiang border. The China-Myanmar pipeline, planned to run from Kunming to Sittwe Port in Myanmar, spans about 1,000 kilometers. This project aims to reduce reliance on the Malacca Strait, which has historically posed supply risks.
Experts emphasize that as China's economy continues to grow rapidly, the country will increasingly depend on imported oil. To mitigate risks, it is crucial to accelerate the construction of four major oil import corridors.
In 2005, China's oil dependence reached 42.9%, and the country is on track to become a major oil importer. With limited growth in domestic production, crude oil output is expected to remain between 180 and 200 million tons annually. By 2020, demand is projected to rise to 500 million tons, requiring 300 million tons in imports. This would push foreign oil dependence above 60%, surpassing the U.S. level.
In 2005, rising oil prices and supply uncertainties led to losses across industries like refining, chemical fibers, and petrochemicals. To meet domestic demand, crude oil processing in 2006 must increase by 15 million tons, reaching 300 million tons. A significant portion of this will come from imported crude.
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