GUANGZHOU (ICIS C1)--China’s crude apparent consumption totalled 278.1m tonnes in the first seven months of 2012, a rise of 7.01% year on year, data from the National Bureau of Statistics (NBS) showed. Crude output of China was 117.7m tonnes in the January-July period, up by 1.69% compared with the same period last year, according to NBS data. Net crude imports in the period gained by 10% year on year to about 160m tonnes, the data also showed. China’s dependency on foreign crude stayed at relatively high levels of 57-58% in the period.
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