Sou Hu Cai Jing·2025-05-22 16:56Group 1 - The article highlights China's significant advancements in the oil sector, particularly in shale oil production, which reached 215,000 tons in Q1 2024, placing China among the top three countries globally in this field [1] - The Fuman Oilfield, located in the Taklamakan Desert, has become China's largest ultra-deep oilfield, with cumulative oil and gas production exceeding 20 million tons and an oil and gas resource volume surpassing 1 billion tons [1] - The exploration in the Tarim Basin has confirmed the presence of oil and gas in all 13 sedimentary layers, with significant discoveries including two trillion-cubic-meter gas fields and oil fields exceeding 1 billion tons [3] Group 2 - Russia is set to increase its annual oil supply to China by 2.5 million tons, with a new agreement allowing the supply limit to rise from 10 million tons to 12.5 million tons, extending the supply period until 2034 [3][5] - The primary oil supply route to China is the Skovorodino-Mohe pipeline, but additional routes are being explored to accommodate the increased supply, similar to existing natural gas transportation projects [5] - The energy cooperation between China and Russia is a crucial aspect of their bilateral relations, with energy trade accounting for over one-third of their total trade volume [5] Group 3 - The Chinese ambassador to Russia emphasized that energy cooperation is not only a cornerstone of practical cooperation between the two countries but also a driver for global energy market stability and low-carbon transition [7] - There is a growing demand for natural gas in China, and both countries are looking to expand their cooperation in this area, including increasing imports of liquefied natural gas from Russia and developing new cross-border gas pipelines [7]