China's crude oil imports are set to increase in the slowest pace in six years

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Source: Commodityonline
China's crude oil imports are expected to face the six year high slowdown in growth, reported China National Petroleum Corp. Over 2011, oil imports expanded by 6% as compared to a 17.5% increase in the preceding year. However, natural gas imports are likely to grow by 45%, approaching 45 billion cubic meters as gas demand may account for 5% of the country's total energy needs.


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