BEIJING - China imported 47 percent of its oil needs in 2006, an
increase of 4.1 percentage points from the previous year, state media said
Tuesday, as the country's thirst for energy supplies grew with the breakneck
speed of its economy.
Xinhua News Agency, citing sources in the Ministry of Commerce, also reported
that China's dependence on imported oil is likely to rise again in 2007, with
China's crude oil output forecast to will grow by less than 2 percent, while
demand for both crude and oil products will rise about 6 percent.
China produced 183.68 million tons of crude oil in 2006, up 1.7 percent from
the previous year. Net oil imports reached 162.87 million tons, up 19.6 percent,
According to the General Administration of Customs, in January imports of
crude oil were up 3.5 percent over the same month last year, while imports of
oil products were up 5.7 percent.
China's gross domestic product grew 10.7 percent last year, several
percentage points more than the government first forecast.