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Crude oil output increases 30m barrels

www.chinanews.cn 2005-08-07 17:14:24

(Source: Xinhua)

Aug. 7 - China's crude oil production in the first half of this year grew
more than 30 million barrels from the same period last year, hitting a
record high since 2000, according to the National Bureau of Statistics
(NBS).
Liu Fujiang, deputy director of the industrial transportation statistic
department under the NBS, said the output of China's crude oil reached
89.797 million tons in the first half of this year, a year-on-year
increase of 4.8 percent, 2.9 percentage points higher than a year earlier.
China's natural gas output reached 23.85 billion cubic meters, up 19.7
percent year on year, 4.8 percentage points higher than a year earlier,
Liu told a symposium on China's oil and chemical industry held in Beijing
on Thursday.
Yang Weicai, vice president of the China Petroleum and Chemical Industry
Association, said that the total imported crude oil amounted to 63.552
million ton, only increasing 4.1 percent year on year, decelerating by
35.2 percent than the same period of 2004.
Due to the big price gap between domestic and overseas refined oil,
China's refined oil import slumped while exports soared, Yang said.
In the first six months this year, China imported 15.73 million tons of
refined oil, down 20.9 percent year on year. Meanwhile China's gasoline
exports reached 3.35 million tons, up 31.6 percent, and diesel oil
exports reached 631,000 tons, jumping 143.7 percent.

          ��China lacks 130 megaton crude oil this year (2005-08-04)
          ��Imports of crude oil expected to slow down (2005-08-04)
          ��CNPC produced 65m tons of crude oil in 1st half (2005-07-22)
          ��PetroChina set a record in crude oil output (2005-07-19)
          ��Crude oil settles at record in New York in two decades
(2005-06-25)
          ��Crude oil surges to record .47 (2005-06-20)
          ��PetroChina to import Canadian crude in 2009 (2005-04-18)

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