Crude oil output climbs 1.7% in first 5 months
Print Edition
CRUDE oil output in China reached 87.69 million tons in the first five months of this year, a year-on-year rise of 1.7 percent, according to the top economic planner.
China refined 195.26 million tons of crude oil during the period, up 3.8 percent year on year, while refined oil production rose 6 percent to 123.55 million tons, the National Development and Reform Commission said in an online statement yesterday.
Apparent use of refined oil, calculated as production plus imports minus exports, gained 4.4 percent from a year earlier to 113.04 million tons.
In a separate statement, the NDRC said natural gas output totaled 55.5 billion cubic meters in the period, up 4 percent year on year.
Imports of natural gas added 5.6 percent to 24.7 billion cubic meters, while apparent consumption hit 77.2 billion cubic meters, the NDRC said.
Domestic crude oil output is set to grow by 0.4 percent to 217 million tons in 2015, while refined oil and natural gas output will reach 294 million tons and 134.4 billion cubic meters respectively, said another report.
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