oil imports

China Set to Become Largest Net Oil Importer

The U.S. Energy Information Administration predicts that China is likely to become the world’s largest net oil importer as soon as October: The imminent emergence of China as the world’s largest net oil importer has...

China Says South Sudan Oil May Flow

As China and South Sudan work to rebuild the latter’s infrastructure through a $2.5 Billion grant to build new universities, China’s Africa envoy, Zhong Jianhua, says South Sudan’s oil may flow by November. This claim comes...

China Begins to Turn Against Iran

During Premier Wen Jiabao’s visit to the Persian Gulf, he struck deals with a number of countries, including Saudi Arabia, the United Arab Emirates and Qatar, many of whom are worried by Iran’s nuclear ambitions....

India Seeks to Rival China in Africa

The Indian Prime Minister’s visit to Africa has prompted widespread analysis of an escalating strategic competition between the world’s two most populous nations. From The Economist: For all its elephantine weight,...

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, […]

Iraq to Seek Chinese Help – Shai Oster

From the Wall Street Journal: Iraq ‘s leaders face major challenges in fixing the nation’s ailing oil-production system, a necessary part of any effort to fund its rebuilding. For help, they are turning to one of the world’s most voracious oil consumers: China. Iraqi President Jalal Talabani , set today to begin a weeklong trip […]

Chinese leader visits oil-rich Russian region – AFP

From AFP, via Yahoo! News: Chinese President Hu Jintao met industry chiefs in Russia’s oil-rich Tatarstan region on Wednesday during a visit aimed at securing energy supplies and smoothing relations between the neighbouring countries. In Kazan, capital of the mainly Muslim province in central Russia, Hu met heads of heavy industry such as oil producer […]

Using Less Oil – Tong Lixia

From Beijing Review (link): At first glance, the official figures of China’s oil consumption in 2005 seem a bit confusing. With a robust economic growth and rising annual oil imports, China made the surprise announcement that its oil consumption growth rate was dropping sharply, from 15.3 percent in 2004 to 2.1 percent in 2005. Earlier, […]

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