China: Angola main oil supplier in first quarter of 2008

23 April 2008

Beijing, China, 23 April – Angola was China’s main supplier of oil in the first quarter of the year, overtaking Saudi Arabia, due to a 55 percent rise in exports, according to figures issued Tuesday in Beijing by China’s Customs service.

From January to March, Angolan exports totalled 688,000 barrels per day, a total of 8.48 million tons, according to the country’s General Customs Administration.

Angola was placed ahead of Saudi Arabia (8.18 million tons, 38 percent more than in the same period of last year), Iran (5.8 million), Oman (3.3 million) and Russia (3.1 million).

Last year, Angola exported a total of 25 million tons of crude oik to China, or 10 percent more than in 2006.

In total, Chinese oil imports rose 25 percent in the first quarter, to a record of 17.3 million tons. (macauhub)