China's Oil and Gas Outputs Shows Steady Growth in 2008

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Researched by Industrial Info Resources (Sugar Land, Texas)--In December 2008, China's crude oil output reached 117.7 million barrels, and the accumulated output in 2008 reached 1.42 billion barrels, an increase of 2.3% year over year. China's natural gas output reached 6.65 billion cubic meters, and the accumulated output in 2008 reached 76.08 billion cubic meters, an increase of 12.3% year over year. Crude-oil processing volume reached 27.2 million metric tons, and the accumulated output in 2008 reached 342.1 million metric tons, an increase of 3.7% year over year.

Regarding China's production of refined products in December 2008:

• Gasoline
• China's output of gasoline reached 5.7 million metric tons for the month
• 63.5 million metric tons for the year, an increase of 5.8% year over year
• Kerosene
• 901,000 metric tons produced for the month
• 11.7 million metric tons produced in the year, an increase of 0.5% year over year
• Diesel Oil
• 10.2 million metric tons produced in December
• 33.2 million metric tons produced in 2008, an increase of 8.0% year over year
• Fuel Oil
• 2 million metric tons produced in December
• 22.3 million metric tons produced in the year, a drop of 8.4% year over year
• Liquefied Natural Gas
• 1.5 million metric tons in December
• 18.6 million metric tons for the year, a drop of 2.5% year over year.

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