Kuwait's crude oil exports to China fall 44 %

Jan 28, 2010 01:00 AM

Kuwait's crude oil exports to China fell 44.0 % in December from the previous month to 404,330 tons, equivalent to around 96,000 bpd, for the first decline in two months, official data showed.
Kuwait provided 1.9 % of China's total crude oil imports, compared to a 4.2 % share in November, according to figures released by the Chinese General Administration of Customs. Kuwait's exports to China in the full year 2009 totalled 7.08 mm tons (142,000 bpd). China is the world's second-biggest oil consumer after the US.

China's overall imports of crude oil rose 24.2 % month-on-month, and 47.9 % from a year earlier to 21.26 mm tons (5.03 mm bpd) in December. Saudi Arabia remained its top supplier, with its shipments reaching 4.99 mm tons (1.18 mm bpd), followed by Angola with 4.08 mm tons (965,000 bpd) and Iran with 1.47 mm tons (347,000 bpd).
Meanwhile, Kuwait became the nation's third-largest liquefied petroleum gas (LPG) provider in December after Qatar and Iran, with its shipments accounting for 18.3 % of China's total LPG imports.

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