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China's crude oil processing volume up 7% in Sep

Oct. 31, 2012 (China Knowledge) - China, the world's second-largest oil consumer, saw its oil processing volume climb 7% YoY to 38.76 million metric tons in September, according to a statement released by the National Development and Reform Commission.

In the first nine months of this year, China processed a total of 343.05 million metric tons of crude oil, 2.2% more than in the same period of last year.

Last month, China's output of refined oil products grew 9% YoY to 23.54 million metric tons, taking its output of refined oil products to a total of 207.79 million metric tons in the first nine months, 4.7% more than in the corresponding period of 2011.

China saw its investment in the oil-refining industry jump 20.6% YoY to RMB 117.5 billion in the first nine months of this year.

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