China’s Heavy Demand for Heavy Oil

- May 28th, 2010

Rigzone.com reported on China’s Heavy Demand for Heavy Oil:

Rigzone.com reported on China’s Heavy Demand for Heavy Oil:

Oil consumption in China is nearly double that of its oil production per day—6.3 million versus 3.5 million barrels per day (b/d), respectively. How long can the country sustain this rate without losing energy resources? Notwithstanding China’s push to increase oil imports, this quandary is driving its interest in producing heavy oil.

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