Middle East Economic Survey


No 11


Chinas Crude Oil Imports Down 8.5% In February

Chinas crude oil imports totaled 19.95mn tons (5.2mn b/d) during February 2011, according to data released by Chinas General Administration for Customs. The February volume is a decline of 8.5% from January imports of 21.8mn tons (5.13mn b/d). China imported a total of 239.31mn tons (4.79mn b/d) of crude oil during 2010 with the largest monthly volume arriving in September at a record 23.29mn...