Experts from China's State Energy Committee said yesterday that China'shuge appetite for crude oil will go on. As the second largest oil consumerofthe world, China imported 203.8 million tonnes of crude oil in 2009, pushingup the import dependency to 52%; data from National Bureau of Statistics ofChina. Senior officials from the National Energy Committee hinted that theimport volume in 2010 will increase by another 15%.
Replica fendi wholesaleWith low self-sufficiency due to small proven oil replica balenciaga handbags reserves, four majorChinese petroleum companies including, Sinopec, PetroChina and CNOOC aresearching for international resources. So far, Kazakhstan, Russia,Venezuela,Sudan, West Africa, Iran, Saudi Arabia and Canada have been put on the listfor consideration. The Middle East, among all these regions, is the firstchoice.
"Going to the Middle East" will be a hot topic at the 11th China OilTraders' Conference (COTC), an annual oil event and the 'APPEC' in China,which will be held by CBI in March 2010. Acknowledged as a serial conferencewith the largest scale, highest level and the most practical content, COTChas attracted over 400 participants every year in the past ten years.
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