Home>News Center>China
           
     

    Imports of crude oil expected to slow down
    By Wang Ying (China Daily)
    Updated: 2005-08-04 05:54

    China's crude oil imports will slow down this year, according to forecasts from the Ministry of Commerce (MOC) released yesterday.

    An oil tanker unloads imported crude oil at the Suanshan port in Zhejiang Province, February 2, 2005. [newsphoto/file]
    The ministry figures estimate the country will need to import 130 million metric tons of crude oil this year, a year-on-year increase of just 6.5 per cent over 2004.

    In contrast, last year's imports of 122 million tons of crude oil represented a year-on-year rise of 34.68 per cent over 2003.

    China is the world's second largest energy consumer after the United States, with its imports this year estimated to account for 6.8 per cent of the world's total crude oil trade volume, the ministry said in a statement.

    "Because of soaring oil prices on the world market, demand for refined oil (such as gasoline and diesel) has decreased, so crude imports are expected to continue to slow down in the second half of the year," it said.

    China imported 63.42 million tons of crude oil in the first six months of the year, a year-on-year growth of 3.9 per cent.

    Industry analysts attributed the lower import growth to skyrocketing oil prices on the world market, and the slow growth in oil refining capacity as well as increased stockpiles from last year.

    Gong Jinshuan, a senior analyst with the country's largest oil producer China National Petroleum Corp (CNPC), said surging crude prices have squeezed the country's demand, although a recent 2.1 per cent renminbi appreciation has indicated a stronger purchasing ability for China's domestic consumers on the world market.
    Page: 12



    60-meter-long bridal gown
    Experimental satellite takes off from Jiuquan
    Four killed in Guangdong building collapse
      Today's Top News     Top China News
     

    Imports of crude oil expected to slow down

     

       
     

    Talks on charter flights welcomed

     

       
     

    Six-party talks totter into no man's land

     

       
     

    Ordinary house buyers not hurt by revaluation

     

       
     

    Investors relieved after CNOOC drops bid

     

       
     

    Americans 'worried' about role in the world

     

       
      Soft landing seen for China's economy
       
      Hisense mulls over Kelon purchase
       
      Currency revaluation will have little impact on agriculture
       
      Rains set to pour across the country
       
      Scientists leave to study E. African Rift Valley
       
      Delegates continue to thrash out agreement
       
     
      Go to Another Section  
     
     
      Story Tools  
       
      News Talk  
      It is time to prepare for Beijing - 2008  
    Advertisement
             
    一本一道av中文字幕无码| 小SAO货水好多真紧H无码视频| 亚洲人成无码网站| 色婷婷综合久久久中文字幕| 50岁人妻丰满熟妇αv无码区| 亚洲中文字幕无码久久综合网| 中文字幕在线精品视频入口一区| 无码日韩精品一区二区免费| 中文字幕在线资源| 亚洲精品中文字幕无码蜜桃| 嫩草影院无码av| 欧洲成人午夜精品无码区久久| 在线观看中文字幕码| 色欲狠狠躁天天躁无码中文字幕| 国产精品午夜福利在线无码| 毛片无码免费无码播放 | 午夜无码中文字幕在线播放| 中文字幕久精品免费视频| 精品久久久久久无码免费| 无码国产精品一区二区免费3p| 亚洲看片无码在线视频| 中文字幕人妻在线视频不卡乱码| 日韩中文字幕视频| 免费人妻无码不卡中文字幕系| 亚洲国产91精品无码专区| 精品无码一级毛片免费视频观看| 久久久久亚洲AV无码网站| 日韩人妻无码一区二区三区久久| 亚洲爆乳精品无码一区二区三区| 国产成人无码区免费网站| 免费看成人AA片无码视频吃奶| 中文字幕乱码人妻综合二区三区| 四虎影视无码永久免费| 成人麻豆日韩在无码视频| 无码成人精品区在线观看| 国产色综合久久无码有码| 亚洲av永久无码精品漫画| 一本久中文视频播放| 狠狠躁天天躁无码中文字幕| 免费中文字幕视频 | 色欲A∨无码蜜臀AV免费播|