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China's crude oil output down 1.4% in Q1

Apr. 23, 2012 (China Knowledge) - China, the world's second-largest oil consumer, saw its crude oil output fall 1.4% year on year to 50.03 million metric tons in the first three months of this year, according to recent figures released by the National Development and Reform Commission.

China's crude oil imports rose 3.4% year on year to 66.55 million metric tons in the first quarter.

The country processed 104.91 million metric tons of crude oil in the 3-month period, 2.2% more than that in the same period of 2011, and saw its output of oil products climb 4.4% year on year to 64.38 million metric tons.

The country's apparent consumption of oil products grew 2.9% year on year to 59.62 million metric tons in the first three months. The consumption of gasoline increased by 8.8% year on year, while that of diesel was steady compared with the same period of 2011.

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