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Page added on July 24, 2010

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Angola becomes China’s largest crude oil source


China, the second-largest oil consumer after the U.S., imported record 3.74 million metric tons of crude oil from Angola in Jun this year, 30% more than in the same period of last year, according to the latest statistics from the General Administration of Customs.

In the first half of this year, China’s crude oil imports from the African country rose 24.84% year on year to 22.27 million metric tons, making Angola overtake Saudi Arabia as China’s largest crude oil supplier.

China’s oil imports from Iraq more than doubled in the first half, while its oil imports from Iran dived nearly one third year on year.

Oil imports from Venezuela and Brazil increased 170% and 200% year on year, respectively.

China’s crude oil imports were 22.27 million metric tons or 5.44 million barrels per day in June, up 34% year on year. In the first half of this year, the country’s crude oil imports jumped 30.2% year on year to 117.97 million metric tons, according to an earlier report from China Knowledge.

China Knowledge

2 Comments on "Angola becomes China’s largest crude oil source"

  1. kenz300 on Mon, 26th Jul 2010 12:04 am 

    How soon will demand exceed the worlds ability to supply oil?

    Can we move to alternative energy fast enough to avert an economic disaster brought on by high energy prices?

    The industrial economies were build on cheap energy the last 60 years. How will we respond to high energy prices?

  2. kenz300 on Mon, 26th Jul 2010 12:07 am 

    America needs an energy policy.

    Will the obstructionists in Congress wake up and help put an alternative energy policy in place before it is too late?

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