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Chinanews, Beijing, Aug 9 – The China Petroleum1 Pipeline2 Engineering Corporation, a subsidiary of the China National Petroleum Corporation, plans to invest 8 billion yuan to build a 965-km oil pipeline in Heilongjiang Province, as part of the oil transportation construction project between the Chinese city of Daqing and the Angarsk of Russia, the Shanghai Securities Journal reported.
The total oil transportation project starts from Daqing in China and ends in Angarsk in Russia, with a total length of 2,400 kilometers. According to the contract, China and Russia will each be responsible for building the part that lies within their own territories. The total construction cost will reach 2 billion US dollars. When completed, it will be able to transport 15 million tons of oil a year, or 300,000 barrels of oil a day, in the initial stage. In China, the pipeline will start in Lianyin, a small port in Mohe County in Heilongjiang Province. The pipeline will pass through Tahe County, Xinlinqu, Jiagedaqiqu, Nenjiang County, Nehe City, Lindian County and finally reach Linyuan in Daqing.
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