www.xinhuanet.com
XINHUA online
CHINA VIEW
VIEW CHINA
 Breaking News Syria, Iraq to restore diplomatic ties: FM    2 explosions rock Baghdad, six killed    Urgent: IAEA: There is "opportunity" to find solution for Iran's nuclear issue     Urgent: Three U.S. soldiers killed by roadside bomb south of Baghdad    Urgent: China hopes Iran resume suspension of nuclear research, development     Urgent: Saddam trial adjourns to Feb. 13    
Home  
China  
World  
Business  
Technology  
Opinion  
Culture/Edu  
Sports  
Entertainment  
Life/Health  
Travel  
Weather  
RSS  
  About China
  Map
  History
  Constitution
  CPC & Other Parties
  State Organs
  Local Leadership
  White Papers
  Statistics
  Major Projects
  English Websites
  BizChina
- Conferences & Exhibitions
- Investment
- Bidding
- Enterprises
- Policy update
- Technological & Economic Development Zones
Source Manufacturers and Suppliers from China and around the world
   News Photos Voice People BizChina Feature About us   
China's oil consumption, imports decrease in 2005
www.chinaview.cn 2006-02-03 09:44:50

    BEIJING, Feb. 3 --China's oil consumption and dependence on imports decreased last year as a result of the government's energy-saving efforts.

    The National Development and Reform Commission said recently that China's dependence on oil imports was 42.9 per cent in 2005, 2.2 percentage points lower than in 2004. It also said China consumed 318 million tons of oil last year, 1.08 million tons less than in 2004.

    "The government's effort at building a resource- and energy-saving society has paid off," a commission spokesman said.

    Lin Yueqin, a researcher with the Chinese Academy of Social Sciences, attributed the decreased oil consumption and imports to soaring prices. "High oil prices forced users to consider saving measures, causing less imported oil."

    Prices soared to a high of more than US$70 a barrel last year.

    The State Council Development Research Centre, the highest think tank of the central government, forecast that domestic oil output would reach 184 million tons this year, which means that 44 per cent of China's oil demand will come from importation.

    Pan Derun, deputy president of China Oil and Chemical Industry Association, said China would try to double its oil supply to meet its goal of quadrupling its economy by 2020.

    Zhang Guobao, vice-minister of the National Development and Reform Commission, said China satisfies 94 per cent of its energy needs.

    "Most people are not aware that China is also a big energy exporter," Zhang said.

    Besides coal, China is also the top coke exporter in the world, supplying 56 per cent of the world's total demand in 2004.

    Nearly 67 per cent of China's energy need is met by coal. The ratio of oil in its energy consumption structure is about 24 per cent.

    In addition, statistics indicated that the oil import volume of China, with a population of 1.3 billion, was 117 million tons in 2004. By comparison, that of the United States was 500 million tons, Japan 200 million tons and Europe 500 million tons.Enditem

(Source: China Daily)

  Related Story
Hilton shares sweet party with boyfriend
Danish PM reaches out to Arab media over cartoon uproar
Sonija Kwok attends TV ad premiere
- China's oil consumption, imports decrease in 2005
- Bush to seek $70 bln for Iraqi, Afghan operations
- Bankers indicted in US$485m fraud scheme
- Blasts in S. Russia kill at least 2, injure 14
- US govt urges shutdown of coalmines after 2 more deaths
- Saddam trial adjourns to Feb. 13
- Palestinian militants storm into EU office in Gaza
- China to see enough power supply since 2006
- EU-3 urges IAEA to refer Iran's nuclear issue to UNSC
- Ben Bernanke sworn in as 14th Fed chairman
- Israel completes demolishing W. Bank outpost
- EU pressures Serbia over indicted war crime suspects
- Japan denies withdrawing troops from Iraq by May
- US, Russia share concern over Iran's nuclear program
- Danish newspaper apologizes for offending Muslims
- Canada announces military command shake-up
Copyright ©2003 Xinhua News Agency. All rights reserved.
Reproduction in whole or in part without permission is prohibited.