Chinese language - China's crude oil import hits record high in 2004 Home Business China International Culture��Edu Sci��Tech Sports Life Travel P hotos ��Search China Observer �� Should foreigners be allowed to join China's civil service? �� Environmental protection at a crucial moment �� Why are Chinese disinclined to show wealth? Photos �� Chinese female soccer team wins in tournament �� New Macao banknotes �� "Colorful rooster" jewelry box ��Home>>China China's crude oil import hits record high in 2004 www.chinanews.cn 2005-02-04 13:46:04 Chinanews, Feb. 3 - According to customs statistics, the import volume of China's crude oil increased 34.8% to 120 million tons in 2004, which is the highest growth rate in the past four years. The value of imported crude oil totaled 33.91 billion US dollars, up 71.4%. The international price of crude oil registered a series of new highs last year, with an average increase of 58.9 US dollars for every ton of imported crude oil. As a result, there was altogether an extra cost of 7.068 billion US dollars for the amount of crude oil imported last year. China imported crude oil from more than 20 countries in 2004. The import volume from 5 of these countries was more than 10 million tons each, with a combined total of 73.72 million tons, accounting for 60% of the total import volume in 2004. The Middle Eastern countries of Saudi Arabia and Oman were the top two suppliers, respectively exporting 17.24 million tons and 16.35 million tons of crude oil to China. Angora and Iran were in third and fourth places. Crude oil import from Russia saw the fastest growth, doubling to 10.77 million tons, putting it in fifth place. Imports from Sudan and the other 15 countries respectively ranged from one million to ten million tons, with imports from Vietnam and Congo showing the fastest relative growth. In the same year, China imported 37.88 million tons of refined oil, up 34.1%. The value of the import is 9.25 billion US dollars, up 57.7%. The total import value of crude oil and refined oil reached 43.16 billion US dollars, making it the single product with the largest import value. E-mail: zhangqinghua@chinanews.com.cn Tel: 8610-88387443 Fax: 8610-68327649 Copyright� 2004 Chinanews.com. All rights reserved. Reproduction in whole or in part without permission is prohibited. Disclaimer: viewpoints in the website do not represent China News Service Learn Chinese, Chinese language