What is ESPO crude oil?
The Eastern Siberia–Pacific Ocean oil pipeline (ESPO pipeline or ESPOOP, Russian: Нефтепровод “Восточная Сибирь – Тихий океан” (ВСТО)) is a pipeline system for exporting Russian crude oil to the Asia-Pacific markets (Japan, China and Korea). The pipeline is built and operated by Russian pipeline company Transneft.
What is the longest oil pipeline?
Druzhba Oil Pipeline
Druzhba Oil Pipeline It is the world’s longest oil pipeline and one of the largest oil pipeline networks in the world. It carries oil from the eastern part of Russia to points in Ukraine, Belarus, Poland, Hungary, Slovakia, the Czech Republic and Germany.
Is China buying Russia oil?
HONG KONG — Chinese state energy company Sinopec will continue to buy crude oil and gas from Russia, a top executive said on Monday, even as Western democracies step up sanctions in response to the country’s invasion of Ukraine.
Where does ESPO crude load?
The 4,188km-long ESPO (Eastern Siberia Pacific Ocean) oil pipeline exports crude oil from Russia to the Asian Pacific markets of Japan, China and Korea.
What is the use of light cycle oil?
Cycle oil is a light lubricating oil suited for use on bicycles and similar devices. It is a liquid residue produced in the petroleum industry when catalytic cracking is employed to convert heavy hydrocarbon fractions remaining from earlier stages of crude oil refining into more valuable lighter products.
Where does India buy oil?
Oil imports by source country
| Rank | Country | Import value |
|---|---|---|
| 1 | Iraq | $14.9 billion |
| 2 | Saudi Arabia | $12.5 billion |
| 3 | United Arab Emirates | $7.8 billion |
| 4 | Nigeria | $5.3 billion |
What does India get from Russia?
| India Imports from Russia | Value | Year |
|---|---|---|
| Coffee, tea, mate and spices | $4.10M | 2020 |
| Impregnated, coated or laminated textile fabric | $3.70M | 2020 |
| Lead | $3.11M | 2020 |
| Stone, plaster, cement, asbestos, mica or similar materials | $2.58M | 2020 |
Where does India buy oil from?
What is the ESPO pipeline?
The 4,188km-long ESPO (Eastern Siberia Pacific Ocean) oil pipeline exports crude oil from Russia to the Asian Pacific markets of Japan, China and Korea. The pipeline was built by the Russian company Transneft in two phases. It stretches from Taishet to Kozmino, via Kazachinskoe, Skovorodino and Perevoznaya.
What does ESPO stand for?
The 4,188km-long ESPO (Eastern Siberia Pacific Ocean) oil pipeline exports crude oil from Russia to the Asian Pacific markets of Japan, China and Korea.
What is Argus ESPO blend price assessment?
The Argus ESPO Blend price assessment is the most transparent price for crude traded in Asia-Pacific, pricing 600,000 b/d of light crude shipped through the East Siberia-Pacific Ocean (ESPO) Pipeline and sold to the east Asian and US west coast markets.