Demand for oil to rise 4.8% |
Updated: 2013-01-31 03:02 ByDUJUAN ( ChinaDaily)

WorkersdrillanoilwellinDaqing, Heilongjiangprovince. China’sdomesticcrudeoutputwillbeabout 210 milliontonsin 2013. [WANG JIANWEI / XINHUA]

AsChina’seconomygraduallyrebounds, itsdemandforoilwillriseatamodestrateof 4.8 percentto 514 millionmetrictonsthisyear, andimportswillcontinuetogrow, theCNPCEconomicandTechnologyResearchInstitutesaidonthesameday.

Thecountrywillimportabout 289 milliontonsofcrudeoilthisyear, up 7.3 percentyear-on-year, accordingtoareportreleasedbytheinstituteunderChinaNationalPetroleumCorp.

Thefiguremeansthatabout 59 percentofChina’scrudeoildemandwilldependonimportsin 2013.

“Asthecountry’soilconsumptionincreases, itsdependencyonforeignimportswillcontinuetorise,” saidQianXingkun, theinstitute’sdeputydirector.

Meanwhile, domesticcrudeoutputwillbeabout 210 milliontons. ….(more).
See also – regularly –

Global Climate Change
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2 responses to “Demand for oil to rise 4.8% |

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  2. I enjoy reading through a post that can make people think.
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