China's dependency on foreign oil exceeds 55%

来源：百度文库 编辑：神马文学网 时间：2024/10/03 02:31:18

China's dependency on foreign oil exceeds 55%

12:47, August 11, 2010      

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In the first half of 2010, as China's oil demands continued to increase, China's oil import dependency continued to expand and has reached to more than 55 percent, according to Li Yongwu, president of the China Petroleum and Chemical Industry Association (CPCIA), on Aug. 10.

Data from the CPCIA shows that from January to June 2010, the apparent volume of China's oil consumption reached 220 million tons, an increase of more than 15 percent compared with the previous year. In the same period, China's oil import dependency increased by more than 4 percent compared with last year.

In addition, the apparent volume of China's crude oil consumption reached 215 million tons, an increase of nearly 19 percent, and China's crude oil import dependency reached more than 54 percent, an increase of nearly 6 percent compared with the previous year.

People generally consider the crude oil import dependency of 50 percent as a "warning line" in the international community. In 2008, the import volume of China's crude oil reached 179 million tons, and the production of crude oil in China reached 190 million tons. The crude oil import dependency reached nearly 49 percent.

In 2009, China imported about 204 million tons of crude oil, an increase of 14 percent compared with 2008, and China's oil import dependency exceeded 50 percent.

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