China Petroleum and Chemical Industry Association (CPCIA)
forecast on Wednesday that the country's crude oil output would
reach 186 million tons in 2007, up 1.5 percent year-on-year.
Meng Quansheng, vice chairman of the CPCIA, made the remarks at
an industry forum in Beijing.
He said the figure would reach 189 million tons in 2008, and 47
percent of the total oil consumption would rely on imports.
The latest statistics showed that in the first 11 months,
China's crude oil output stood at 171 million tons, up 1.6 percent
over the same period last year. Imported oil stood at 147 million
tons, up 14.8 percent.
The CPCIA also forecasted that natural gas output would rise
14.4 percent to reach 58.55 billion cubic meters in 2007, and 76
billion cubic meters the following year.
(Xinhua News Agency December 20, 2007)
