| Officials of Department of Foreign Trade Said that Growth Rate of Crude Oil Import of China Will Go Down Substantially |
| Friday,August 05,2005 Posted: 08:14 BJT(0014 GMT) MOFCOM |
The Ministry of Commerce sponsored a meeting to research and analyze situation of crude oil import in the second half year, and petroleum corporations, commercial associations and experts attended the meeting. Official of Department of Foreign Trade said that demand for finished oil on domestic market increased slowly due to effect of high price of oil, crude oil import of China in second half year would be a transfer from fast growth to steady growth. It is projected annual import of crude oil is 130 million tons, growth rate will be down by 28% compare with last year. Import of conventional trade is 120 million tons, up by 4.3%; processing trade import for processing and re-export is 10 million tons, up by 15%. According to the analysis, total import of crude oil in 2005 will account for 6.8% of total trade value of global crude oil. (Source: Network Center of MOFCOM) |
 | Import Tariff to Go Down to 9.9% 2004-12-23 08:35 |
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