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China's crude oil processing volume up 6.7% in Oct

Nov. 30, 2012 (China Knowledge) - China, the world's second-largest oil consumer, saw its oil processing volume climb 6.7% YoY to 39.92 million metric tons in October, according to a statement released by the National Development and Reform Commission.

In the first ten months of this year, China processed a total of 383 million metric tons of crude oil, 2.6% more than in the same period of last year.

Last month, China's output of refined oil products grew 7.4% YoY to 23.94 million metric tons, taking its output of refined oil products to a total of 231.63 million metric tons in the first ten months, 5% more than in the corresponding period of 2011.

China saw its investment in the oil-refining industry jump 18.2% YoY to RMB 130 billion in the first ten months of this year.

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