China, the world\'s second largest oil consumer, has set its 2013 non-State crude oil import quota at 29.1 million tons (580,000 barrels per day), the same as this year, the state-run China Daily reported Tuesday. The country also set its 2013 non-State fuel oil import quota at 16.2 million tons, unchanged from 2012, Ministry of Commerce said in a statement. The crude import quota, equivalent to about 11.5 percent of China\'s total crude imports last year, will be allotted to traders outside the dominant four state traders including Unipec and Chinaoil, the newspaper said. As part of China\'s World Trade Organization commitments, the country had been increasing the amount of crude and refined fuels that non-state firms could import by 15 percent every year for a decade until 2011. China\'s dependence on oil imports rose to 56.7 percent in 2011 from 54.8 percent in 2010 and 52.6 percent in 2009, according to statistics from the Ministry of Land and Resources.
GMT 22:17 2018 Monday ,22 January
Opec output cuts near victoryGMT 22:57 2018 Saturday ,20 January
the literary canary in India's coalmineGMT 07:11 2018 Friday ,19 January
Oil market heads towards 'smooth rebalancing': OPECGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 15:44 2018 Saturday ,13 January
Bahrain to host MERTC 2018GMT 18:24 2018 Friday ,12 January
No need to panic over $70 oil price: UAE Energy MinisterGMT 13:21 2018 Friday ,12 January
Kuwaiti oil price up 93 cents to stand at US$66.09 per barrelMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor