Quenching China’s thirst for oil

In the first five months this year, China’s net oil import roared to 65.83 million tons, an increase of 11.5 percent from the same period last year. At the same time, China produced 77.51 million tons of oil, a 1.7 percent rise year-on-year.
Customs statistics show that from January to May, China imported 67.43 million tons of crude oil, up 9.6 percent year-on-year. Meanwhile, it exported 1.6 million tons, down 36.6 percent.

ChinaDaily