Page 23 - RusRPTSept22

India. In January, Russian supplies to India were close to zero (30,000 barrels a day), but by June they were up to 740,000 barrels a day. The same chart shows that deliveries to China actually fell. In January, Russia sold China 820,000 barrels a day. In June it was 740,000.
Having said that, these figures are definitive. Firstly, at several times during the war Russian deliveries to China were greater (for example, in May, they reached an average of 1.2 million barrels a day). Secondly, these are only maritime deliveries, and Russia sells roughly the same amount to China (880,000 barrels per day in June) via three pipelines: one Kazakh and two Russian. These have operated at full capacity all summer.
Even so, Russia’s oil trade with China is barely increasing. According to Chinese customs statistics, in the first half of 2022, Russian crude oil exports to China were up just 4%, according to Marcel Salikhov, director of economics at the HSE Institute of Energy and Finance. “It’s not much, and it isn’t coming to anyone’s ‘rescue’,” he said. “From the point of view of oil imports from Russia, India is the big ‘saviour’.
23 RUSSIA Country Report September 2022 www.intellinews.com