Middle East Economic Survey


No 17


Chinas Crude Oil Imports Rose 8.6% In March

Chinas crude oil imports totaled 21.67mn tons during March 2011, according to data released by Chinas General Administration for Customs. The March volume is a rise of 8.6% over February imports of 19.95mn tons, although the March daily import rate of 5.1mn b/d is lower than Februarys 5.2mn b/d. For the first quarter of 2011, China has imported a total of 63.42mn tons of crude, the equivalent of...