Kuwait s crude oil exports to China jump 18 percent

2/23/2016 7:09:50 AM

(MENAFN- Emirates News Agency (WAM))

KUWAIT 23rd February 2016 (WAM) -- Kuwait's crude oil exports to China jumped 18.0 percent in January from a year earlier to 1.09 million tons equivalent to around 258000 barrels per day (bpd) government data showed.

The Kuwait New Agency KUNA quoted the Chinese General Administration of Customs as saying that Kuwaiti shipments of crude oil to China exceeded the 250000 bpd level for the second consecutive month.

China's overall imports of crude oil in January was down 4.6 percent from a year earlier to a three-month low of 6.31 million bpd. China remains a major oil importer and consumer. China's dependency on imported oil exceeded 60 percent for the first time in 2015 and is expected to rise further this year.

WAM/Esraa/Moran

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.