Nation increasingly reliant on oil imports

China's oil imports will account for almost 75 percent of its total oil consumption by 2030, according to the International Energy Agency (IEA).

The Paris-based adviser to 28 oil-consuming nations also predicted that primary world energy demand would grow by 1.6 percent annually between 2006 and 2030 with a total increase of 45 percent. China and India are expected to account for over half of incremental energy demand by 2030.

According to China Customs, the nation imported 159 million tons of crude oil in 2007 and produced 187 million tons, with its oil-import dependence reaching 50 percent for the first time.