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Crude oil needs
Source: Xinhua |
December 29, 2010, Wednesday
|
Print Edition
Print Edition
CHINA'S self-sufficiency in crude oil is expected to be 45 percent in 2010, the National Development and Reform Commission, the nation's top economic planner, said yesterday.
The country imported 218 million tons of crude oil in the first 11 months of this year, a rise of 19.8 percent from a year earlier, according to a statement from the NDRC.
The figure has surpassed China's full-year import volume of 204 million tons in 2009, when the country's self-sufficiency in crude oil was 47 percent.
A 34 percent vehicle sales growth in the first 11 months was attributed as a major reason for the strong oil demand, the NDRC said.
The agency has twice increased gasoline and diesel prices this year, with the first hike unveiled on October 25, and the latest on December 21, as crude oil prices continued to rise in the global market.
The country imported 218 million tons of crude oil in the first 11 months of this year, a rise of 19.8 percent from a year earlier, according to a statement from the NDRC.
The figure has surpassed China's full-year import volume of 204 million tons in 2009, when the country's self-sufficiency in crude oil was 47 percent.
A 34 percent vehicle sales growth in the first 11 months was attributed as a major reason for the strong oil demand, the NDRC said.
The agency has twice increased gasoline and diesel prices this year, with the first hike unveiled on October 25, and the latest on December 21, as crude oil prices continued to rise in the global market.
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