China`s crude oil imports up 7.2% in Jan-Jul to US$ 137.5 bln
Source: www.chinamining.org Citation: China Knowledge Date: August 12, 2014
China, the world`s second largest oil consumer after the U.S., imported 175.73 million tons of crude oil in the first seven months of 2014, 7.2% more than in the same period of last year, according to figures from China`s General Administration of Customs.
The import value of crude oil for the seven-month period rose 8.1% from a year earlier to US$ 137.5 billion.
From Jan to Jul, the country saw its imports of refined oil reach 17.13 million tons, reflecting a decrease of 31.1% year on year. The import value of refined oil went down 29.3% from a year earlier to US$ 13.83 billion in the period.
In the month of Jul 2014, the country imported 23.76 million tons of crude oil, while the import value for the month hit US$ 18.69 billion.
China imported 1.86 million tons of refined oil in Jul with import value of US$ 1.58 billion.
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