China’s Oil and Gas Import to a New High in 2018

Recently, according to import and export statistics released by the General Administration of Customs in December 2018, China imported 462 million tons of crude oil in 2018, an increase of 10.1% over the same period last year, of which 43.782 million tons were imported in December, an increase of 2.12% annually, a record monthly high.

In 2018, China’s refined oil exports reached 58.635 million tons, an increase of 12.4% over the same period last year, of which, in December, the export volume of refined oil reached 58.66 million tons, an increase of 31.2%.

In 2018, China imported 33.481 million tons of refined oil, an increase of 13% over the same period last year, of which 3.14 million tons of refined oil were imported in December, a decrease of 2.8%.

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