China's oil production, imports increase during 2007

Oct. 12, 2007
This year China has imported 18.1% more oil during January-August than it did in the comparable period last year, according to the country's General Administration of Customs.

Eric Watkins
Senior Correspondent

LOS ANGELES, Oct. 12 -- This year China has imported 18.1% more oil during January-August than it did in the comparable period last year, according to figures published by the country's General Administration of Customs (GAC).

GAC said China's total oil imports were 110.4 million tonnes in the first 8 months of this year; however, it exported 2.18 million tonnes, resulting in net imports of 108.22 million tonnes. Over the same period last year it imported 91.65 million tonnes of oil.

GAC also said domestic production of crude oil reached 124.7 million tonnes in the 8-month period, up 1.3% over last year.

China imported 24.28 million tonnes of oil products during the same period this year, GAC said. It produced domestically 129.08 million tonnes: 39.9 million tonnes of gasoline, up 8.8%; 7.68 million tonnes of kerosene, up 17.5%; and 81.5 million tonnes of diesel oil, up 6.3%.

Contact Eric Watkins at [email protected].