Translation. Region: Russian Federation –
Source: Rosneft – An important disclaimer is at the bottom of this article.
The economic benefit for China from Russian oil supplies starting in 2022 will be approximately $20 billion, according to Igor Sechin, Executive Secretary of the Presidential Commission on Fuel and Energy Sector Development Strategy and Chief Executive Officer of Rosneft Oil Company.
"Thanks to the higher efficiency of purchasing Russian oil compared to the Middle Eastern alternative, the total economic benefit for China starting in 2022, according to our estimates, is approximately $20 billion," Sechin said at the opening of the 7th Russian-Chinese Energy Business Forum (RCEBF) in Beijing.
According to him, Russian energy supplies are a crucial support factor in China achieving its strategic goals. Over the past 10 years, Igor Sechin noted, thanks to a timely shift to the East, Russia has become China's number one oil supplier, with a share of approximately 20%.
Department of Information and Advertising of PJSC NK RosneftNovember 25, 2025
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.