China Will Continue To Import Over 75% of Its Crude : Over...

China Will Continue To Import Over 75% of Its Crude : Over 60% Will Transit Through Indian Ocean

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China Will Continue To Import Over 75% of Its Crude : Over 60% Will Transit Through Indian Ocean

China imported 504 million tons of crude oil from January to November, according to data released by the General Administration of Customs, which means that China’s dependency on foreign crude oil is expected to continue to exceed 75 percent this year.

China’s crude imports increased 9.5 percent year on year to 504 million tons in the first 11 months, while the National Bureau of Statistics said China produced 160 million tons of crude oil in the first ten months.

Even this year, China’s oil demand is growing amid the Wuhan pandemic while the growth of domestic crude oil production is limited, so China’s dependency on foreign crude is expected to continue to exceed 75 percent, said a veteran expert.

Natural gas imports reached 90.43 million tons, up 3.9 percent year on year, as China continues to promote coal-to-gas switching projects.

China’s coal imports hit 265 million tons, down 10.8 percent year on year, according to Chinese customs, as the country has been cutting coal from its energy mix as part of efforts to protect the environment.

So before tangling with India, China must realize that all the oil tankers heading to China pass through the Indian Ocean Region astride which sits the Indian peninsula.

Coming to a solution and full demarcation of both the Indo Tibetan Border and Tibet China border is the only way out for full peace in Asia and the World.