Dependence on imported oil up
(Xinhua)
Updated: 2006-07-28 08:58
China's dependence on foreign oil reached 47.3 percent in the first half of
this year, up 4.4 percentage points from the same period of last year, according
to the Ministry of Commerce.
The ministry's statistics showed China's
net imports of crude oil stood at 70.33 million tons in the first half, up 17.6
percent from the same period last year, and refined oil products stood at 12
million tons, up 48.3 percent.
Meanwhile, China produced 91.66 million
tons of crude oil in the first half, a rise of 2.1 percent.
A blue paper
energy report published by China's Social Sciences Academic Press predicted that
China's dependence on imported oil will reach 50 percent in
2010.
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