China fuel-oil imports down ( 2003-09-29 10:15) (eastday.com)
Fuel-oil imports by China, the biggest buyer in Asia, may be 11 percent less
than the government estimated this year because higher prices have prompted
power plants to switch to coal.
China may import about 17 million metric tons of fuel oil this year, less
than the government's quota of 19 million tons, according to a Bloomberg News
survey of five trading companies and oil refiners. The government gives out
import permits at the start of the year to meet domestic
demand.
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