China`s crude oil output up 0.5% in Jan-Jul to 121 mln tons
Source: www.chinamining.org Citation: China Knowledge Date: August 26, 2014
China, the world`s second largest oil consumer, saw its crude oil output edge up 0.5% year on year to 121.15 million tons in the first seven months of this year, according to recent figures released by the National Development and Reform Commission.
From Jan to Jul, the country processed 263.74 million tons of crude oil, 3.2% more than in the same period of 2013.
The country saw its output of oil products grow 4.8% year on year to 164.55 million tons in the first seven months.
The country`s consumption of oil products rose 2.9% year on year to 154.35 million tons in the first seven months. There was 8.1% growth in the consumption of gasoline and a 1.4% decrease in the consumption of diesel.
In the month of Jul 2014, China`s crude oil output edged up 0.5% year on year to 17.38 million tons, while its output of oil products rose 1.1% to 23.55 million tons.
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