Energy
Libyan turmoil has limited impact on China's energy supplies
Updated: 2011-04-22 17:33
(Xinhua)
BEIJING - Unrest in Libya has had limited impact on China's energy supplies as domestic companies have found other sources of oil, an energy official said Friday.
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The NEA expects the country's oil consumption to hit 130 million tons in the first half of this year, up 9 percent over a year earlier. The NEA also believes that consumption for the entirety of 2011 will climb 8 percent to reach 265 million tons.
Wang noted that China will pay attention to oil price fluctuations triggered by ongoing tension in Libya.
A disruption in Libya's oil supply, which accounts for about 2 percent of the world's total, will not have a profound impact on global supplies, Wang said.
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