ecns [expanded by feedex.net]: China's crude oil output up 0.4 pct during Jan-Sept

ecns [expanded by feedex.net]

ecns

China's crude oil output up 0.4 pct during Jan-Sept
http://www.ecns.cn/business/2014/10-18/138982.shtml
Oct 18th 2014, 04:29

2014-10-18 13:29 Web Editor: Qin Dexing


China's crude oil output totaled 155.84 million tonnes in the first three quarters, a year-on-year increase of 0.4 percent, according to data from the country's top economic planner.


During the January-September period, China refined 340.68 million tonnes of crude oil, up 3.7 percent year on year. Refined oil production rose 4.9 percent to 212.11 million tonnes, the National Development and Reform Commission said in a statement.


Apparent consumption of refined oil, calculated as production plus imports minus exports, increased 2.8 percent from a year earlier to 200.29 million tonnes.


In a separate statement, the planner said natural gas output totaled 93.2 billion cubic meters in the first nine months, an increase of 8 percent year on year.


China's imports of natural gas saw an increase of 9.3 percent to 42.4 billion cubic meters, while apparent consumption came in at 129 billion cubic meters, the commission said.


China's appetite for natural gas has grown substantially with the country's industrialization and urbanization initiatives amid government efforts to cut carbon emissions.


According to the sector's development plan, China aims to bring its natural gas supply capacity to around 176 billion cubic meters, making the energy available to 250 million people, or 18 percent of the population, by 2015.





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