CHINA BUYS SECURITY
Buying crude oil from Russia allows China to ensure security of supply as cooperation between the two countries is likely "to gain new momentum," China National Petroleum Corp. Chairman Wang Yilin said Friday.
Speaking on the sidelines of the Russian 1st Eastern Economic Forum in Vladivostok, Yilin said that while China was looking to diversify its crude oil sources, imports were mainly via sea routes.
"Russian crude could be delivered via overland pipelines. This provides security for imports of crude oil for our country," Yilin said in reply to a question on how competitive Russian crude deliveries were in…
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