Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Beijing: 15% of Oil Imports to Come Overland by 2010

HANGZHOU, China -- China will get around 15 percent of its crude oil imports through three or four overland pipelines by 2010, a senior PetroChina official said Wednesday.

"Three to four international or cross-border pipelines are to be built up at the borders of China with neighboring countries for transferring imported crude," Jin Zhengli, a senior engineer at PetroChina's Planning and Engineering Institute, told an oil conference.

He declined to comment on the possible supply routes, but a pipeline from Kazakhstan and a branch from a Russia-Japan link are already under construction.

An oil industry source said the other two options were one from Pakistan, or through Myanmar, carrying Middle East oil loaded from the Bay of Bengal.

Talks are underway about both options, the source added.

China, which last year imported around 40 percent of its oil needs, is keen to diversify supply routes in the face of transport bottlenecks at its ports and railways.

Some 30 million to 40 million tons of crude per year is likely to reach the world's second-largest oil consumer through the pipes in five years, Jin said on the sidelines of the conference.

About 83 percent of its crude oil imports by 2010 will arrive by sea, down from 93.5 percent, and the remaining 2 percent will be via rail, down from 6.5 percent.