LOC09:36
06:36 GMT
TOKYO, Sept 26 (KUNA) -- Kuwait's crude oil exports to China rose 6.3
percent in August from a year earlier to 864,000 tons, equivalent to around
204,000 barrels per day (bpd), the latest government data showed.
Kuwaiti share of China's crude oil imports was 4.1 percent last month,
compared to 3.9 percent in the same month of last year and 2.7 percent in
July, according to the General Administration of Customs.
Kuwait's exports in the first eight months of 2011 to China totaled 6.08
million tons (184,000 bpd), down 8.6 percent from the same period last year.
China's overall imports of crude in August edged up 0.7 percent
year-on-year to 4.98 million bpd. Saudi Arabia remained China's top supplier
although its shipments slightly falling 0.2 percent from a year earlier to 934,
000 bpd, followed by Angola with 716,000 bpd, down 24.2 percent. Iran became
third with 464,000 bpd, up 0.9 percent.
The state-run Kuwait Petroleum Corporation (KPC) and China's top refiner
Sinopec jointly plan to build a 300,000 bpd refinery and petrochemical complex
in the south China's Guangdong Province.
On Sunday, Kuwaiti Minister of Oil and Minister of State for National
Assembly Affairs Dr. Mohammad Al-Busairi discussed in Kuwait with the Chinese
delegation the latest developments of the joint project, which will go online
in 2014.
The USD 9 billion oil refinery and petrochemical project is one of the
pillars of KPC's expansion strategy for 2030, the minister underlined during
the meeting. (end)
mk.asa
KUNA 260936 Sep 11NNNN