Middle East Economic Survey


No 3


Chinas Oil Imports Set Record In 2007, December Imports Down

Chinas crude oil imports amounted to a record 163.17mn tons (3.28mn b/d) in 2007, according to preliminary data issued by the General Administration of Customs on 11 January. This was 12.4% higher than the previous record of 145.18mn tons (2.92mn b/d) in 2006. Chinas monthly crude imports fell to 12.88mn tons (3.05mn b/d) in December last year, from 13.61mn tons (3.33mn b/d) in...