During 2013 China imported 280 million tons of oil, up 4% against the same period last year, reported Chzhen Yue, official representative of the Chinese Main Customs Department.
Despite slowing down of GDP growth, demand in the energy carries has been growing in China.
According to the Chinese Ministry of Land and Natural Resources, in 2013 China’s dependence on oil import constituted 57% and by 2020 this index could grow up to 67%.
For this reason average daily oil consumption in China could increase from 10.2 million barrels in 2013 up to 10.6 million barrels in 2014.
China is the world second oil consumer after the US. In 2013 oil import by China totaled about 5.66 million barrels a day, when US imported 7.81 million barrels a day.
During 2013 China extracted 220 million tons of oil.—0--
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review