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Sun 26 May 2019 02:20 PM

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Chinese crude imports from Saudi Arabia rose 43% in April

Imports of Saudi crude totalled 1.53 barrels per day, compared with 1.07 bpd a year ago

Chinese crude imports from Saudi Arabia rose 43% in April
According to data from the General Administration of Customs released over the weekend, Saudi crude exports to China totalled 6.3 million tonnes – or 1.53 barrels per day (bpd) - compared with 1.07 bpd a year ago.

Chinese crude oil imports from Saudi Arabia rose 43 percent in April as the kingdom once again becomes the country’s top supplier, according to Chinese government statistics.

According to data from the General Administration of Customs released over the weekend, Saudi crude exports to China totalled 6.3 million tonnes – or 1.53 barrels per day (bpd) -  compared with 1.07 bpd a year ago.

Arab News reported that Saudi shipments were bolstered by higher refinery run rates at China’s Hengli Petrochemical Co, where production at a 400,000 bpd-capacity refinery is expected to reach optimal levels in June.

At the moment, approximately 70 percent of the company’s feedstock comes from Saudi Arabia.

Imports of Russian crude to Choina stood at 1.49 million bpd – up from 1.35 bpd in April last year – compared to 789,137 bpd from Iran and 462,813 bpd from Venezuela.

Earlier in May, it was reported Saudi Aramco will sell additional cargoes to customers in Asia, in addition to those scheduled under long-term crude contracts.

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