25-11-05
China's demand for crude oil in 2006 will reach
331 mm tons, up 6.65 % from 2005, according to data from the State Council.
The report said that with oil prices currently above $ 50, the tight
supply-demand situation will not see relief next year and the oil industry will
continue to struggle with high transportation costs.
The report forecast that China's consumption of finished oil products in 2006
will stand at 177 mm tons, up 6.27 % from 2005.
Source: PIN/AFX