Middle East Economic Survey
VOL. XLVIII
No 12
21-March-2005
Chinese Power Sector The Primary Oil Demand Uncertainty, Says IEA
The IEA attributes Chinas oil demand surge mainly to a booming economy and power shortages, which have led to a dramatic rise in the use of gasoil and residual fuel oil for electricity generation. In the latest monthly Oil Market Report, published on 11 March, the agency says: Overall, demand for oil in power generation is estimated to have accounted for roughly...
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