BEIJING (XFN-ASIA) – PetroChina and Sinopec, China’s two biggest oil producers, plan to import 720,000 tons of oil products in July for use in the east of the country in order to help ensure oil supplies during the Beijing Olympics, the official Xinhua News Agency reported.
Refined oil imports will be 18 pct higher than June levels, Xinhua said.
Of the total, Sinopec will import 210,000 tons of gasoline and 160,000 tons of diesel, while PetroChina will import 100,000 tons of gasoline and 250,000 tons of diesel.
China imported 21.01 mln tons of refined oil products in the first half, up 16.4 pct from a year earlier. June imports totaled 3.67 mln tons, up 12.6 pct, according to customs figures.