Angola is largest supplier of oil to China in September

25 October 2016

Angola was the largest supplier of oil to China in September with 4,190 tonnes of crude more than Saudi Arabia and Russia, China’s main suppliers, according to figures from Chinese customs.

After overtaking Russia in August, becoming the largest oil supplier to China for the first time, Angola kept its leading position in September, and is expected to remain there in October.

Imports by China in September totalled 1.02 million barrels per day, or a year on year increase of 45.8%.

Despite figures pointing to a slight drop compared to August, projections point to a new increase in October.

Greater demand from China is due to Angolan crude oil being cheaper and providing a greater quantity of traditional fuels.

Overall, in the first nine months of the year Angola was China’s third-largest supplier of oil, after Saudi Arabia and Russia. (macauhub)