China’s Venezuelan Heavy Crude Demand Could Soon Increase 20-Fold

摘要

Oil exports from Venezuela to China are expected to haverisen 20-fold since 1999, according to a November 23Plattsreport citing a key Chinese official.Zhang Xioqiang, vice minister of China’s National Devel-opment and Reform Commission, reportedly said that Chinaimported 1.2 million tonnes per year (mtpy) of Venezuelancrude in 1999 – which had grown to 20 mtpy by the end of2010 – and is expected to reach 24 mtpy in the near future.That’s a flow rate of 480,000 barrels per day (b/d).