BEIJING, Nov. 1 (Xinhuanet) -- China imported 76
million tons of crude oil in the first eight months of this year, making up 40
percent of the total domestic demand, a six percent rise over 2003.
China's year end oil import volume is expected to hit 100 million tons in 2004, and the country's demand for
petroleum may exceed 400 million tons in 2020. But only approximately 160
million to 170 million tons of that amount can be produced in a year in China.
Low efficiency in using energy has increased the
country's reliance on imported oil.
According to the Standardization Administration of
China (SAC),30 percent of oil imported to China is used by automobiles. Chinese
cars, buses and trucks use 25 percent more petrol per 100 kilometers than those
in Europe; this is 20 percent more than in Japan and 10 percent more than in the
China issued a set of compulsory fuel efficiency
standards on passenger vehicles last Thursday to lower their fuel consumption.
The standards, which is due to take effect next July,
are expected to decrease fuel consumption levels by 15 percent by 2009, the
administration noted. Enditem