China`s crude oil imports up 11% in Feb
Source: www.chinamining.org Citation: China Knowledge Date: Mar.11, 2014
China, the world`s second largest oil consumer after the U.S., imported 23.05 million tons of crude oil in Feb 2014, 10.92% more than in the same period of last year, according to the latest figures from China`s General Administration of Customs.
The import value of crude oil for last month rose 8.35% from a year earlier to US$18.08 billion.
Last month, the country saw its imports of refined oil reach 2.41 million tons, reflecting a decrease of 28.7% year on year. The import value of refined oil was down 27.05% from a year earlier to US$1.88 billion in Feb.
In the first two months of this year, the country imported a total of 51.2 million tons of crude oil, up 11.5% year on year, while the import value for the period grew 10.3% to US$40.51 billion.
China imported 6.18 million tons of refined oil in the first two months, reflecting a year on year decrease of 15.4%.
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