BUSINESS China's crude oil output up 0.3 pct in October

BUSINESS

China's crude oil output up 0.3 pct in October

Xinhua

22:35, November 30, 2019

An employee checks crude oil processing equipment at the Shengli Oil Field in Dongying, Shandong province. [Photo by Hu Qingming/For China Daily]

BEIJING - China's crude oil output grew 0.3 percent year on year in October, a slower increase than the 2.9-percent rate registered in September, official data showed.

The country's crude oil output came in at 16.19 million tons last month, bringing the total in the first 10 months to 159.29 million tons, according to the National Development and Reform Commission.

China processed about 52.13 million tons of crude oil in October, up 4.1 percent year on year, the data showed.

China aims to increase its annual domestic crude oil output to more than 200 million tons by 2020. The output in 2018 stood at 190 million tons.


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