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RUSSIA STARTS OIL DELIVERY TO CHINA VIA THE NORTHERN SEA ROUTE

Russia has started active use of the Northern Sea Route for oil transportation to Chinese ports. Bloomberg writes about it with reference to the ship tracking service.

"The use of the Northern Sea Route can reduce travel time from Russian Baltic ports to oil refineries in northern China by as much as 2 weeks, or about 30% compared to the route around Europe and through the Suez Canal and the Strait of Malacca" - notes the agency.

As “Delovoy Peterburg” notes, right now two Aframax oil tankers, each carrying about 730 thousand barrels of Urals oil from the Baltic ports of Primorsk and Ust-Luga, are heading eastward to the Chinese port of Zhizhao; another tanker Scf Baltica is returning from China via the NSR escorted by the nuclear-powered icebreaker “Sibir”.