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China Expected To Be The Biggest Oil Import Country In 2014

From: Qianzhan Business Information Time: 2014-06-15 17:10:22
Summary: Last year's apparent consumption of petroleum (refined oil) and crude oil reached 498 million tons and 487 million tons, an increase of 1.7% and 2.8%, respectively; dependence on foreign oil reached 58.1%, essentially flat with 2012. But the report is expected this year, China's petroleum and crude oil net imports will reach 304 million tons and 298 million tons, an increase of 5.3% and 7.1% compared to 2013, dependence on foreign oil will continue to rise.

Last year's apparent consumption of petroleum (refined oil) and crude oil reached 498 million tons and 487 million tons, an increase of 1.7% and 2.8%, respectively; dependence on foreign oil reached 58.1%, essentially flat with 2012. But the report is expected this year, China's petroleum and crude oil net imports will reach 304 million tons and 298 million tons, an increase of 5.3% and 7.1% compared to 2013, dependence on foreign oil will continue to rise.

China oil industry

"China Oil Industry Report, Market Research and Investment Forecast" predicts that China will overtake the United States for the first time this year, becoming the world's largest net importer of oil. It is understood that from 1993 became a net oil importer for the first time since the country's dependence on foreign oil climbed from 6% in the year, 2009 exceeded 50% of the critical nodes. And in addition to the oil, gas and coal dependence on foreign country has continued to rise. Dependence on foreign natural gas last year, up from 25.5% in 2012 to 31.6 percent, the first time exceeded 30%; dependence on foreign coal last year was 8.13%, compared with 7.11% in 2012, increased significantly. Meanwhile in 2013, with PetroChina, Sinopec, CNOOC China-based energy companies staking their claims in overseas markets, with the total amount of $ 22.2 billion merger to become the biggest buyer of global energy markets.

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