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China's crude oil output in up 7.9% in Oct

Nov. 22, 2012 (China Knowledge) - China, the world's second-largest oil consumer, saw its crude oil output rise 7.9% YoY to 17.82 million metric tons in October this year, according to the latest figures released by the National Development and Reform Commission.

Last month, the country's oil-processing volume was 35.46 million metric tons, 5.6% more than in October 2011.

In the first ten months, the country's crude oil output rose 0.7% YoY to 169.56 million metric tons.

The country processed 341.37 million metric tons of crude oil in the first ten-month of this year, 1.3% more than that in the same period of 2011, and its output of oil products grew 3.4% YoY to 211.8 million metric tons in the first ten months.

From January to October, the country's consumption of oil products rose 3% YoY to 207.8 million metric tons.

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