Related Articles
Forward article link
Share PDF with colleagues

China still thirsty

Forget the rumours, Chinese imports of oil – for refining and strategic storage – are rising again

China's teapot refineries are unexpectedly playing a bigger role in crude imports as the country continues to top up its Strategic Petroleum Reserve (SPR) faster than expected. Combining the unexpected burst of activity by these independents with large-scale buying by the state-owned oil giants, analysts expect China to remain an important net importer of crude throughout 2017, despite the firming of oil prices since the Opec deal. Armed with new import licences issued by the National Energy Administration (NEA), in the first six months of 2016 the teapots on average imported a combined 3.23m tonnes of crude a month (about 0.78m barrels a day), roughly double the volumes of 2015. The refin

Also in this section
The future is supercharged
11 August 2017
Electric vehicles are increasingly central to government policy and car manufacturers' plans alike. What does their uptake mean for the energy sector?
Uganda-Tanzanian pipe dream
10 August 2017
The Uganda-Tanzania oil pipeline route is close to becoming a reality. Kenya will have to go it alone
Maputo takes the plunge, Dar looks on
10 August 2017
Mozambique and Tanzania both have gas reserves likely to support extensive LNG exports, but only one of them is truly committed to exploiting them—at least for now