China's net import of crude oil up 17.6 percent year on year in first half
12/8/2006 11:03
China's net import of crude oil rose to 70.33 million tons and refined oil
products, 12.03 million tons, in the first half of the year, said an official
with China's General Administration of Customs yesterday.
China imported
73.33 million tons of crude oil and exported 3 million tons in the first half of
2006, said Zhang Bingzheng, a statistical analyst under the department of
statistics of China Customs, at an industrial forum held in Taiyuan, capital of
north China's Shanxi Province.
Angola, Saudi Arabia, Iran, and Russia are the
top four oil suppliers of the country in the first half year, said Zhang.
As
for the refined oil, the country imported 18.23 million tons and exported 6.2
million tons in the January-June period, Zhang said.
According to him,
China's net import of crude oil cost the country US$32 billion and refined oil
products, US$4.37 billion.
The net import of crude oil and refined oil of the
country rose by 17.6 percent and 48.3 percent year on year, respectively.
In
the meantime, China produced 91.66 million tons of crude, up by 2.1 percent over
the same period last year, and 84.82 million tons of refined oil, representing a
year-on-year increase of 5.6 percent, in the first half, showed the statistics
from the China Petroleum and Chemical Industry Association.
Both hit the new
high of production record, compared with figures for past years.
The rapid
growth of Chinese economy as well as its booming auto ownership contributes to
the surging demand for oil in the country, said experts.
According to data
released by the National Bureau of Statistics, China's GDP surged a year-on-year
10.9 percent in the first half of 2006, 0.9 percent higher than the same period
of 2005.
xinhua
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