China’s attempts to minimize its reliance on imported oil have resulted in the development of a massive concrete complex near Zhuhai the size of Monaco, which serves as the focal point of its deepwater drilling initiatives. The facility, run by a subsidiary of CNOOC (China National Offshore Oil Corp), is in charge of building production platforms for use in China’s offshore oil fields. China has grown more dependent on imported oil as its ageing onshore wells struggle to fulfil the country’s expanding energy needs. Currently, more than 70% of China’s oil supply is imported, up from less than 10% before the turn of the century.

A representative for the petroleum division of the energy ministry responded to inquiries by saying that Pakistan’s first shipment of Russian oil will arrive within a month and was acquired

The access to cheap Russian crude oil has significantly boosted the output and profits of Indian refineries, enabling them to export refined products competitively to Europe and take a bigger

Russia is now the biggest supplier of crude oil to India overtaking Iraq and Saudi Arabia. In December, the South Asian nation bought 1.2 million barrels of crude from Russia