BUSINESS China's crude oil output up 1 pct in June

BUSINESS

China's crude oil output up 1 pct in June

Xinhua

13:37, July 15, 2019

BEIJING, July 15 (Xinhua) -- China's crude oil output gained 1 percent year on year in June, with the growth flat from a month earlier, data from the National Bureau of Statistics showed Monday.

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(File Photo: VCG)

Crude oil output came in at 16.1 million tonnes last month, when 53.7 million tonnes of crude oil was refined, up 7.7 percent year on year.

In the first half of the year, crude oil output amounted to 95.39 million tonnes, up 0.8 percent year on year.

As one of the world's largest oil buyers, the country imported 39.58 million tonnes of crude oil last month, surging 15.2 percent from the same period last year.

Meanwhile, natural gas output totaled 13.9 billion cubic meters, up 13.1 percent year on year.

China aims to increase its annual domestic crude oil output to more than 200 million tonnes by 2020, while domestic natural gas supply capacity should exceed 360 billion cubic meters.

Major tasks for the oil industry include accelerating exploration to ensure domestic oil supply, speeding up construction of pipeline networks and developing clean alternatives.

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