China processes more crude to meet growing demand

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Mar. 31 – China processed more crude oil in the first two months of 2008 to ease supply shortages throughout the country.

China processed 55.81 million tons of crude oil in January and February, a 7.4 percent increase from the same period last year the National Development and Reform Commission said on Friday.

Output of gasoline and diesel surged 4.1 percent and 12.5 percent, respectively. Natural gas production expanded by 20.3 percent.

According to the NDRC, the country’s crude oil output hit 30.78 million tons in January and February, up 1.2 percent year on year, while imports shot up 9.5 percent to 28.23 million tons. (Xinhua)