PEAK OIL - EPOCHAL EVENT OF OUR LIVES

[xero90]

China:

GDP Summary:

			 
 1993	became net importer of oil			 
 2001	8.3%					 
 2002	9.1%						 
 2003	10.0%						 
 2004	10.1%						 
 2005	9.9%						 
 2006	11.1%						 
 

	 
 --------	(million tons per year)				Converted to million bpd				 
 Year	Imports	Consumption	Production	Percent	Imports	Consumption	Production		 
 2003	119.4							2.4				 
 2004	122.7							2.5				 
 2005	136.2		327	190.8			42%	2.7	6.5	3.8		 
 2006	138.8		320	181.2			43%	2.8	6.4	3.6		 
 2007	159.3		346	186.7			46%	3.2	6.9	3.7		 
 							 
 

1 barrel per day (b/d) = 50 tonnes per year (approx.)
http://www.eppo.go.th/ref/UNIT-OIL.html

China's Oil Exports and Imports 1986 to 2004


Oil output, consumption both hit record high in 2007
http://www.chinadaily.com.cn/bizchina/2008-01/31/content_6434509.htm
Sources with the China Petroleum and Chemical Industry Association, the industrial association of the country's petroleum and petrochemical sector, said on Thursday that China produced 186.7 million tons of crude oil in 2007, up 1.6 percent from 2006.
China's net import of crude oil was 159.28 million tons last year, up 14.7 percent. The apparent consumption of crude oil, representing the sum of net imports plus output, rose 7.3 percent to 346 million tons in 2007. It means that some 46.05 percent of China's crude oil consumption has to be met by imports.



China's oil output, consumption both hit record high in 2007
1-Feb-08
http://english.peopledaily.com.cn/90001/90778/90857/6349145.html
China's net import of crude oil was 159.28 million tons last year, up 14.7 percent. The apparent consumption of crude oil, representing the sum of net imports plus output, rose 7.3 percent to 346 million tons in 2007. It means that some 46.05 percent of China's crude oil consumption has to be met by imports.

China's crude oil imports up 14.5%
http://www.chinadaily.com.cn/bizchina/2007-01/13/content_782792.htm
The exports of refined oil declined by 11.9 percent to 12.35 million tons last year.
China's net imports of crude oil in 2006 totaled 138.84 million tons, up 17 percent on the previous year and net imports of refined oil were up 38 percent to 24.03 million tons.

http://www.china-embassy.org/eng/gyzg/t278378.htm
"China factor" fades as oil price tumbles(11/01/06)
A separate report issued by the country's National Development and Reform Commission says that China's net oil imports in 2005 were 136.17 million tons, 7.56 million tons less than the 2004 figure, or a decrease of 5.3 percent.
As for consumption volume, China consumed 327.3 million tons of crude oil last year, accounting for 8.5 percent of the world total and only one-third of the consumption of the United States, which is 24.6 percent.

A separate report issued by the country's National Development and Reform Commission says that China's net oil imports in 2005 were 136.17 million tons, 7.56 million tons less than the 2004 figure, or a decrease of 5.3 percent.

China's import of crude oil in 2004 hits 122.72 million tons
http://english.sina.com/business/1/2005/0125/19113.html
BEIJING, Jan. 25 (Xinhuanet) -- China imported 122.72 tons of crude oil last year, up 34.8 percent over the previous year, said a senior official with the National Bureau of Statistics (NBS) here Tuesday.

China's crude oil imports in July up nearly 40% year-on-year
http://www.energybulletin.net/1634.html
China currently accounts for about seven percent of world oil demand, but this could double by 2014, analysts say.
And by 2020 it will need to import some 70 percent of its crude oil, or 500 million tonnes.