Kuwait's Crude Oil Exports to China Fall 19.2% in August


(MENAFN- QNA) Kuwait's crude oil exports to China in August stood at 809,000 tons, equivalent to about 191,000 barrels per day (bpd), the latest government data showed Wednesday.

Shipments from Kuwait to China fell 19.2% from a year earlier, according to data released by the Chinese General Administration of Customs.

China's overall imports of crude oil in August rose 17.5% on the year to 5.96 million bpd. Saudi Arabia remained China's top supplier last month, with its shipments growing 4.2% to 933,000 bpd, followed by Angola with 761,000 bpd, up 5.0%.

Last month, state-run Kuwait Petroleum Corporation (KPC) and China's top energy trader Unipec signed a landmark deal that will significantly boost crude oil deliveries over the 10 years, the biggest-ever sales contract in KPC's history by volume and revenues in all regions.

Under the agreement, KPC will supply Unipec with 300,000 bpd of crude oil starting from this year, with a strong possibility of increasing the volume to 400,000 bpd, KPC told Kuwait News Agency (KUNA) after the signing ceremony.


Qatar News Agency

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