Angola is second largest oil supplier to China in January

27 February 2018

Russia and Angola were the two main oil suppliers to China in January, placing more than 10 million tons of a total of 40 million tons of oil imported into the country, according to Chinese customs figures quoted by Bloomberg.

Russia sold 5.6 million tons of oil to China, leading the list of suppliers, with Angola second with 4.6 million tons and Iraq in third with 4.4 million tons.

In December, China’s main oil suppliers were Russia, Saudi Arabia, and Angola, with shares of 15%, 14%, and 9%, respectively, according to the Monthly Petroleum Market Report of the Organization of Petroleum Exporting Countries (OPEC) for January.

The report said Chinese oil imports fell by 1.1 million barrels per day in December in monthly terms to 8.0 million barrels per day, with a contraction of 634,000 barrels per day year-on-year.

Chinese oil imports from Russia and Angola fell in December, by 61,000 and 178,000 barrels per day, respectively, while imports from Saudi Arabia increased by 53,000 barrels per day. (macauhub)