China May oil imports from Russia soar to a record, Imports from Malaysia double


Imports from Malaysia, often used as a transfer point in the last two years for oil originating from Iran and Venezuela, amounted to 2.2 million tonnes, steady versus April but more than double the year-earlier level.

China's crude oil imports from Russia soared 55% from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners cashed in on discounted supplies amid sanctions on Moscow over its invasion of Ukraine.

Imports of Russian oil, including supplies pumped via the East Siberia Pacific Ocean pipeline and seaborne shipments from Russia's European and Far Eastern ports, totalled nearly 8.42 million tonnes, according to data from the Chinese General Administration of Customs.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Malaysia , China , oil , imports , Russia , Saudi ,

Next In Business News

Asia Pacific real estate net buying intentions hit 4-year high, survey shows
AME Elite to construct RM214mil aviation facility for KLIA Aeropolis
Pintaras Jaya's unit bags works subcontract worth RM35.5mil
Glomac appoints FD Idzham FD Iskandar as group ED
Ringgit ends higher vs US dollar, regional currencies on continued optimism on Malaysia's growth
Propel Global signs MoU with Sabah Energy and Reservoir Link for gas-to-power project
GuocoLand’s major shareholder proposes RM1.10-per-share privatisation
SCIB cancels RM49mil facility following strategic divestment
Emico announces fire at its Penang plant
MSM Malaysia appoints Mazatul ’Aini as group CEO

Others Also Read