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China's crude oil imports up 11.1% in Jan-May

(China Knowledge)
Updated: 2014-06-10 10:15
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    China, the world's second largest oil consumer after the U.S., imported 128.69 million tons of crude oil in the first five months of 2014, 11.1% more than in the same period of last year, according to figures from China's General Administration of Customs.
   
    The import value of crude oil for the five-month period rose 10.1% from a year earlier to US$100.65 billion.
   
    From Jan to May, the country saw its imports of refined oil reach 12.9 million tons, reflecting a decrease of 29.6% year on year. The import value of refined oil went down 28.5% from a year earlier to US$10.31 billion in the period.
   
    In the month of May 2014, the country imported 26.08 million tons of crude oil, while the import value for the month hit US$20.05 billion.
   
    China imported 1.81 million tons of refined oil in May with value of US$1.47 billion.
 

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