China well on way to being largest oil importer
A crude oil depot facility in Ningbo, Zhejiang province. China's net crude oil imports were 5.40 million barrels a day in 2012, and the country could soon overtake the United States as the largest oil importer in the world. Zhang Heping / For China Daily |
China could overtake the United States as the world's largest oil importer earlier than expected, while US net oil imports continue to drop due to its booming domestic supply - a remarkable shift between the world's two largest energy consumers.
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