Crude oil consumption in our country

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With the rapid development of China’s national economy, domestic oil demand continues to grow at a fast pace. In 2009, China’s apparent oil consumption was 408.375 million tons, ranking second in the world after the United States, with an apparent crude oil consumption of 388.109 million tons. In 2009, China’s net oil imports amounted to 218.885 million tons, with net crude oil imports reaching 198.62 million tons. In 2009, China’s net import dependence on oil reached 53.6%, while its dependence on net crude oil imports was 51.2%. According to the China Petroleum Economic and Technical Research Institute, the growth rate of domestic oil demand in China this year is expected to return to pre-financial-crisis levels. Annual oil consumption will increase by more than 5%, reaching 427 million tons ； Crude oil imports increased by 9.1% to 212 million tons.