(EnergyAsia, August 21 2013, Wednesday) — China’s annual crude oil import bill will reach a record US$500 billion by 2020, far greater than any incurred by any country in history, predicts consultant Wood Mackenzie. The UK-based firm arrived at this sum based on its forecast for China to import 9.2 million b/d of crude oil…
CHINA: Crude oil import expense to reach world record US$500 billion by 2020, says consultant Wood Mackenzie
Posted on August 21, 2013 by EnergyAsia