China`s crude oil imports up 7.5% in Q1
Source: www.chinamining.org Citation: China Knowledge Date: May 14, 2015
China, the world`s second largest oil consumer after the U.S., imported 80.34 million tons of crude oil in the first quarter of this year, 7.50% 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 the three-month period declined 42.80% from a year earlier to RMB 206.09 billion.
From Jan to Mar, the country saw its imports of refined oil reach 7.9 million tons, reflecting a decrease of 7.50% year on year. The import value of refined oil went down 43.30% from a year earlier to RMB 23.78 billion in the three-month period.
In the month of Mar, the country imported a total of 26.81 million tons of crude oil and the import value for the month reached RMB 66.66 billion.
Meanwhile, China imported 2.87 million tons of refined oil last month with import value of RMB 8.96 billion.
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