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China's oil imports to grow steadily in 2010: experts

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					China's oil imports to grow steadily in
2010: experts
BEIJING,                       Jan.                      20                     Kyodo
China's oil imports will continue to post a solid increase this year driven by surging
demand for its rapidly growing economy, Chinese media reported Wednesday,
quoting                                energy                                  experts.
The nation's oil imports are expected to grow 5 percent in 2010 from a year earlier,
and the proportion of imports against total consumption may rise to 54 percent
from 52 percent last year, the China Daily quoted Lin Boqiang, director of the
China Center for Energy Economics Research at Xiamen University, as saying.
Customs data show that China imported 204 million tons of oil in 2009, while the
country's output totaled 190 million tons, according to the paper.
''Domestic production is already at its peak,'' Lin was quoted as saying. ''Although
domestic companies have accelerated their overseas expansion, the resources they
already              gain                are                still            limited.''
The paper quoted a report by the Chinese Academy of Social Sciences as saying that
64.5 percent of China's oil consumption is likely to be met by imports in 2020, with
the gap between domestic consumption and output as the main reason.
Analysts were quoted as saying that Beijing should diversify its sources for
importing oil to ensure a more sustainable supply. At present, the Middle East,
Africa and the Asia-Pacific are the three main oil suppliers to China.

				
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