China expects a 5% growth of net oil import this year: official

21:27, March 22, 2010      

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China's net oil imports are expected to total 210 million tonnes this year, National Energy Administration (NEA) said Monday.

The volume would be about 11 million tonnes, or 5.5 percent, higher that last year, said Huang Li, vice director of Energy Saving and Science Equipment Department, NEA.

According to online data provided by the China Petroleum and Chemical Industry Association, the country imported about 203.8 million tonnes of oil in 2009, while exports totalled about 5.16 million tonnes.

"Total consumption of oil this year would remain above 400 million tonnes, and refinery industry will recover as a result of the increase in auto demand and recovery of logistics and transportation industries," she said.

Coal production this year would reach 3.15 billion tonnes, and annual net coal imports would be around 100 million tonnes, as the country would increase power generation capacity by around 75 million kilowatts from 3.7 trillion kilowatts last year, she said.

Source: Xinhua
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