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MENAFN - Kuwait News Agency (KUNA) - 16/02/2013

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(MENAFN - Kuwait News Agency (KUNA)) China's oil refining industry grew steadily in 2012 as a result of rising domestic consumption, the country's top economic planner said, according to state-run Xinhua News Agency.

Chinese oil refiners processed 467.91 million tons of crude oil in 2012, up 3.7 percent year on year, the National Development and Reform Commission said in its recent report.

Domestic demand of the world's second-biggest energy user has basically been met, with consumption of gasoline and kerosene rapidly rising, according to the report.

Buoyed by the expansion of both the auto market and aviation industry, the apparent consumption of gasoline and kerosene in 2012 rose 12.2 percent to 86.

8 million tonnes and 14 percent to 21.0 million tons, respectively, whereas diesel consumption stayed almost flat at 169.7 million tons, the report said. The commission said imports of refined oil dropped 16.9 percent to 7.2 million tons last year due to abundant domestic supplies.

 






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