Sponsored by China Mining Association (CMA)
About Chinese Contribution
 
   
   

Home >> News >> Mining Market

China's crude oil import volume up 11 pct in first half
(www.chinamining.org)
Updated: 2008-07-11 08:34
Counter:

     China, the world's second-largest energy consumer, imported 11 percent more crude oil in the first half of 2008 than in the year-earlier period.


     Crude imports stood at 90.53 million tons, the General Administration of Customs said on Thursday. The growth rate was down 0.2 percentage points from last year.


     The imports were valued at 64.98 billion U.S. dollars, up 85.8 percent, as world prices surged. Import prices hit a record high of 849.10 U.S. dollars per ton in June.


     Angola, Saudi Arabia, and Iran were the top three oil suppliers.


     China also imported 21.01 million tons of refined oil products in the first half, up 16.4 percent year-on-year.


     Meanwhile, the country exported 2.37 million tons of crude and 7. 88 million tons of refined products, up 30.6 percent and down 0.3 percent, respectively, from a year earlier.


     The administration suggested that the government act to ease the increasingly direct and large impact of oil prices on the economy. It said that further measures were needed to curb oil exports and reform the fuel pricing system gradually to ensure domestic supply.

 
 

Comment: Name ValidCode View Comment
     
  Copyright 2001-2007. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Mining Association (CMA). Without written authorization from CMA, such content shall not be republished or used in any form.
If you have any suggestion or opinion, please contact us: (8610)51661688-828 or
english@chinamining.org
Note: Browsers with 1024*768 or higher resolution is suggested for this site. Mail Server