Monday, July 9, 2007

China's First-Half Oil Imports Rise 11 Percent as Domestic Demand Gains

(Bloomberg) -- China's first-half crude oil imports
rose 11 percent from a year earlier as production from domestic
fields failed to keep pace with energy demand in the world's
fastest-growing major economy.

Imports rose to 82 million metric tons (3.28 million barrels
a day), the Customs General Administration of China said in
Beijing today. June imports were 14.1 million tons. Oil exports
dropped 39 percent to 1.8 million tons in the first half and
stood at 220,000 million tons in June.


Read more at Bloomberg Energy News

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