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9

China Will Consume All Global Oil Reserves

Some experts believe that China's oil import could reach..

Some experts believe that China's oil import could reach 120 million tons and the country's total oil consumption could surpass 300 million tons in 2004.
China can process 270 million tons of crude oil and its overall oil consumption can hit 30.8 million tons, according to a senior engineer of China's largest oil refiner.
Fuel demand in China is expected to keep rising to 48.5 million tons in 2004. The demand for fuel has triggered import increase, Tian said. Statistics show that China's fuel import reported a year-on-year rise of 69 percent in the first four months than that of the same period of last year.