Economy
China expects 5% growth of net oil import in 2010
(Xinhua)
Updated: 2010-03-22 22:16
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BEIJING - China's net oil imports are expected to total 210 million tons this year, National Energy Administration (NEA) said Monday.
The volume would be about 11 million tons, or 5.5 percent, higher that last year, said Huang Li, vice director of Energy Saving and Science Equipment Department, NEA.
"Total consumption of oil this year would remain above 400 million tons, and refinery industry will recover as a result of the increase in auto demand and recovery of logistics and transportation industries," she said.
Coal production this year would reach 3.15 billion tons, and annual net coal imports would be around 100 million tons, as the country would increase power generation capacity by around 75 million kilowatts from 3.7 trillion kilowatts last year, she said.
