日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Oil imports to grow slower

Updated: 2012-02-03 09:18

By Zhou Yan (China Daily)

  Comments() Print Mail Large Medium  Small

Dependency on imported oil has exceeded 50% and is expected to grow further

BEIJING - China's net crude oil import growth is expected to slow for a second consecutive year in 2012 to 5.98 percent, in conjunction with weaker economic expansion, according to China National Petroleum Corp (CNPC), the country's biggest oil producer.

Oil imports to grow slower

An oil tanker being unloaded at Ningbo port in East China's Zhejiang province. China National Petroleum Corp estimates that the country's crude oil imports may grow at a slower rate this year as economic growth decelerates.[Photo/China Daily]

Net crude oil imports could reach 266 million tons this year, while domestic oil output might stabilize at 220 million tons, CNPC forecast on its website on Thursday.

Net crude oil imports rose 6.3 percent in 2011, below the double-digit level for the first time since such figures were officially released in 2006.

In 2006, the increase was 16.9 percent, according to Chinese customs data.

The economy could achieve a soft landing in 2012 with growth of about 8 percent, with expansion curtailed by reduced demand in Europe and the United States, Standard & Poor's credit analyst Terry Chan said in a research note on Thursday.

The economy grew 9.2 percent last year.

China, the world's second-biggest oil importer after the US, has been a net crude importer since 1993. Its oil-import dependency rate passed 50 percent in 2009 and is estimated to have exceeded 56 percent in 2011.

"We strongly believe that 2012 could be the most difficult year for China's economy within the past five years as a result of the expanding debt crisis in Europe and the fragile economic recovery in the US, which, clearly, will reduce domestic oil consumption," said Wang Jintao, an energy analyst with at chem365.net, an online information provider for the petrochemical industry.

China National Offshore Oil (CNOOC) Ltd, the country's biggest offshore oil producer, has set a moderate output target in 2012 of 330 million barrels of oil equivalent (BOE) to 340 million BOE, compared with an estimated net output of as much as 332 million BOE last year.

CNPC said that China's fuel output might rise 5 percent year-on-year to 280 million tons this year. Domestic fuel demand growth might be reduced in the first half because of a GDP slowdown, but a rebound was expected in the second half as the economic situation would ease, the company said.

It added that a seasonal diesel shortage might recur this year.

Affected by the uncertain situation in Iran, which might continuously push up international oil prices, it was highly likely that China would lift domestic retail fuel prices around April, said Song Zhichen, an analyst at China Investment Consulting.

Fuel prices are strictly controlled by the National Development and Reform Commission, which may adjust prices when the prices of Brent, Dubai and Indonesia's Cinta crudes move about 4 percent over 22 working days.

China Petrochemical Corp, the country's biggest refiner, recently lifted its ex-factory prices of gasoline by 100 yuan ($15) to 8,280 yuan a ton, while diesel prices were raised by 50 yuan to 7,380 yuan a ton, according to a recent research note from JYD Online Co Ltd, a bulk commodity consultant based in Beijing.

Analysts said that higher ex-factory prices would be passed on to end-users sooner or later.

In addition, CNPC said that natural gas imports would surge by 45 percent in 2012 to 45 billion cubic meters (cu m).

It said that accelerating urbanization would lift domestic demand to more than 150 billion cu m in 2012 to account for more than 5 percent of the primary energy mix.

Oil imports to grow slower

主站蜘蛛池模板: 久久久久久久久网站 | 精品成人在线视频 | 国产一区二区三区在线 | 欧美视频中文字幕 | 欧美精品久久久久久久久老牛影院 | 一区二区欧美视频 | 成人久久视频 | 久久桃花网 | 亚洲天堂自拍 | 成年人福利 | 婷婷色一区二区三区 | 欧美 日韩 国产 在线观看 | 91嫩草在线 | 国产精品高潮呻吟久久av野狼 | 亚洲免费片 | 午夜影视av | 国产专区精品 | 一本色道久久综合亚洲二区三区 | 在线看91| 91羞羞网站 | 影音先锋三级 | 亚洲少妇久久 | 亚洲激情欧美 | 91成人福利视频 | 992tv在线观看 | 国产精品7777 | jizz国产精品 | 伊人精品在线观看 | 精品美女一区二区三区 | 欧美人妖老妇 | 日韩三级高清 | 亚洲h视频在线观看 | 丁香激情五月少妇 | 日韩有码在线播放 | 一级免费看片 | 一本岛在线| 三区在线观看 | 国产色悠悠 | 青青国产在线 | 深夜福利91 | 欧洲猛交xxxx乱大交3 |