VOL. XLVI

No 4

27-January-2003

SUPPLY/DEMAND

China Crude Imports Average 1.39Mn B/D During 2002

Chinas crude imports averaged 1.39mn b/d during 2002, an increase of 15% from the 2001 average of 1.2mn b/d. Chinas foreign crude imports hit a peak in 2000 when they averaged 1.4mn b/d. During 2002, imports from the Middle East and Arab countries averaged 816,000 b/d, with most coming from Saudi Arabia and Iran. A breakdown of Chinas crude imports from the region is as follows: Saudi Arabia (228,000...