ZCZC
BCN-10
CHINA-CRUDE-OIL-OUTPUT
China’s crude oil output resumes growth
BEIJING, Sept. 17, 2018 (BSS/Xinhua) – China’s crude oil output edged up
0.2 percent year on year in August, the first monthly increase since November
2015, data from the National Bureau of Statistics (NBS) showed.
Crude oil output came in at 16 million tonnes last month, and 50.3 million
tonnes of crude were refined, up 5.6 percent year on year.
China is one of the world’s largest oil buyers, with over 60 percent of its
oil consumption coming from imports. The country imported 38.4 million tonnes
of crude oil in August, up 12.9 percent from the same period last year.
Meanwhile, natural gas output reached 12.9 billion cubic meters, gaining
9.7 percent year on year.
China aims to increase domestic crude oil output to 200 million tonnes by
2020, while supply capacity for natural gas should exceed 360 billion cubic
meters.
Raw coal output also increased in August, up 4.2 percent year on year to
reach 300 million tonnes, compared with a 2-percent drop in July, NBS data
showed.
BSS/XINHUA/HR/1032