China’s oil import growth continues to fall in 2006

China will import less oil and oil products in 2006 than previous years, an official with the Ministry of Commerce (MOC) said recently. Lu Jianhua, Director of Foreign Trade Department of the MOC, told the Asian Business Forum held recently, that it is unfair to blame China for rising international oil prices.

According to statistics, China imported 105 million tons of crude oil in the first ten months of this year, rising 5.7 percent year on year, and 25.69 million tons of refined oil, down 16 percent from a year ago.

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