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Foreign supplies boost use of crude

(Shanghai Daily)

10:58, February 05, 2013

CHINA'S apparent crude oil consumption rose at a faster pace last year as the nation relied more on foreign supplies, the country's top economic planner said yesterday.

Apparent crude consumption, referring to domestic production plus net imports, gained 4.9 percent to 476.13 million tons last year, the National Development and Reform Commission said. It rose 3.3 percent in 2011 and surged 13 percent in 2010.

Domestic crude output rose 1.9 percent to 207.48 million tons last year, the NDRC said. Imports gained 7.3 percent to 271.09 million tons while exports fell 3.5 percent to 2.44 million tons. China therefore relied on imports for 56.4 percent of its crude needs last year, the NDRC said, up from 55 percent in 2011.

Crude processing volume rose 3.7 percent to 467.91 million tons last year, it added.

Meanwhile, apparent refined oil products consumption climbed 5.2 percent to 276.64 million tons. By segment, gasoline consumption surged 12.2 percent to 86.84 million tons, kerosene use gained 14 percent to 20.95 million tons, and use of diesel added 1.5 percent to 169.73 million tons.

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