{"id":638,"date":"2007-04-18T07:11:32","date_gmt":"2007-04-18T07:11:32","guid":{"rendered":"http:\/\/cryptogon.com\/?p=638"},"modified":"2007-04-18T07:11:32","modified_gmt":"2007-04-18T07:11:32","slug":"china-to-raise-oil-imports-by-14-sinopec-group-says","status":"publish","type":"post","link":"https:\/\/www.cryptogon.com\/?p=638","title":{"rendered":"China to Raise Oil Imports by 14%, Sinopec Group Says"},"content":{"rendered":"<p>Sure, and I&#8217;ll flap my wings and fly around like a bird. Could happen, right?<\/p>\n<p>Via: <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20602099&#038;sid=au89I.egytaA&#038;refer=energy\" target=\"_blank\">Bloomberg<\/a>:<\/p>\n<p><em>China, the world&#8217;s largest energy user after the U.S., may increase crude oil imports by as much as 14 percent this year to meet surging domestic demand, said an official with the nation&#8217;s largest oil refiner.<\/p>\n<p>The nation may import between 160 million metric tons and 165 million tons this year, Sun Yongsheng, deputy chief engineer of Economic and Technology Research Institute of China Petrochemical Corp., known as Sinopec Group, said in the northern city of Dalian.<\/p>\n<p>China is increasing oil-processing capacity by 25 percent by 2010 to satisfy growing consumption of gasoline, diesel and chemical raw materials. The country&#8217;s reliance on oil imports will rise to 60 percent by 2020 from 47 percent currently, when the imports almost doubles, Hao Hongyi, head of strategy research at China National Petroleum Corp., the nation&#8217;s largest oil company, said yesterday.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sure, and I&#8217;ll flap my wings and fly around like a bird. Could happen, right? Via: Bloomberg: China, the world&#8217;s largest energy user after the U.S., may increase crude oil imports by as much as 14 percent this year to meet surging domestic demand, said an official with the nation&#8217;s largest oil refiner. The nation [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,17],"tags":[],"class_list":["post-638","post","type-post","status-publish","format-standard","hentry","category-economy","category-energy"],"_links":{"self":[{"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=\/wp\/v2\/posts\/638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=638"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=\/wp\/v2\/posts\/638\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}