Saudi Arabia expands share in China oil market, Russia lags

Saudi Arabia expands share in China oil market, Russia lags

20/1/2022 9:05:00 AM

Saudi Arabia expands share in China oil market, Russia lags

SINGAPORE : Saudi Arabia retained its top ranking in Chinese oil supplies in 2021, with supplies up 3.1per cent over 2020, and increased its share to 17per cent of total Chinese imports, customs data showed.China brought in 87.58 million tonnes of crude oil from the kingdom, or an equivalence of 1.75 mill

The expanded market share by the top OPEC exporter came as it boosted sales to national refiners and bolstered by demand from private mega refiners Zhejiang Petrochemical Corp and Hengli Petrochemical.Graphic: China crude oil imports by origin in 2021: https://fingfx.thomsonreuters.com/gfx/ce/lgvdwjzkopo/ChinaCrudeImportsbyOrigin.png

Imports from Oman and Malaysia gained 18per cent and 50per cent, respectively.Officially, Chinese customs data has consistently not shown any imports from Venezuela.Country December yr/yr per cent Jan-Dec yr/yr per centSaudi 6,623,516 -4.5 87,576,703 3.1

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