China to Import 47% of Oil Next Year – the Beijing News

Translated by CDT from the Beijing News:

China’s petroleum output this year will exceed 186 million metric tons, or 1.5% more than the previous year, China’s oil and chemical industry association vice president Meng Quansheng (孟全生) said on December 19. He said the country’s oil output next year is expected to top 189 million tons, maintaining a steady growth curve.

But on the other hand, next year will see China’s dependence on foreign oil grow up to 47%. The first 11 months of this year have registered a total of 147 million tons of imported oil, or 14.8% more than the same period last year. [Full Text in Chinese]

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