China: crude oil output increases 30m barrels

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.

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Due to the big price gap between domestic and overseas refined oil, China’s refined oil import slumped while exports soared, Yang said.

China Daily