TOKYO, 23rd February, 2016 (WAM) — Kuwait’s crude oil exports to China jumped 18.0 percent in January from a year earlier to 1.09 million tons, equivalent to around 258,000 barrels per day (bpd), government data showed.
The Kuwait New Agency, KUNA, quoted the Chinese General Administration of Customs as saying that Kuwaiti shipments of crude oil to China exceeded the 250,000 bpd level for the second consecutive month.
China’s overall imports of crude oil in January was down 4.6 percent from a year earlier to a three-month low of 6.31 million bpd. China remains a major oil importer and consumer. China’s dependency on imported oil exceeded 60 percent for the first time in 2015 and is expected to rise further this year.