China oil demand seen up to 500 mln tons by 2020

China’s oil demand is expected to reach 450 mln to 500 mln tons a year by 2020 with its dependency on imports for its total needs increasing to over 60 pct, the official Securities Time reported, citing an official with the State Energy Leading Group.

Last year China imported 136 mln tons of oil with its import dependency level at 43 pct.
Forbes