Middle East Economic Survey
VOL. XLVIII
No 22
30-May-2005
China Set To Import 36% Of Product Needs By 2020 As Refining Lags, Says HSBC
China is expected to import 36% of its petroleumproduct requirements by 2020, according to an HSBC Global Research report, High-Octane Growth* published in May. In 2004, about 18% of total consumption was imported. The report expects this figure to rise to 24% by 2010 before reaching the 2020 figure above. The study says that refining capacity in China increased by...
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