BUSINESS China's crude oil output up

BUSINESS

China's crude oil output up

Xinhua

09:55, January 19, 2020

BEIJING - China's crude oil output grew 0.8 percent year-on-year to 190 million tons last year, snapping the declining trend since 2016, official data showed.

An employee checks crude oil processing equipment at the Shengli Oil Field in Dongying, Shandong province. (Photo: China Daily)

The country's crude oil output came in at 16.06 million tons in December 2019, according to the National Bureau of Statistics (NBS).

As one of the world's largest oil buyers, the country imported 510 million tons of crude oil in 2019, rising 9.5 percent year-on-year.

About 650 million tons of crude oil was processed in 2019, up 7.6 percent year-on-year, NBS data showed.

China aims to increase its annual domestic crude oil output to more than 200 million tons by 2020.

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