China`s imports of crude oil up 4% to 133.87 mln tons in Jan-May

China`s imports of crude oil up 4% to 133.87 mln tons in Jan-May

Source: www.chinamining.org   Citation: China Knowledge   Date: June 09, 2015

China, the world`s second largest oil consumer after the U.S., imported 133.87 million tons of crude oil in the first five months of this year, 4.0% more than in the same period of last year, according to the latest figures from China`s General Administration of Customs.

According to the statistic, the import value of crude oil for the five-month period plunged 44.5% from a year earlier to RMB 342.48 billion.

In the first five months of 2015, the country saw its imports of refined oil reach 12.69 million tons, reflecting a decrease of 1.8% from the previous year.

The import value of refined oil in the same period shed 39.0% from the corresponding period of 2014 to RMB 38.7 billion.

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