China's Gas Imports Jump To Record High As Winter Weather Bites

Daqing oilfield, the country's largest, recorded a 7 percent fall in 2017 output versus the previous year, as operator PetroChina scaled back high-cost production at the aging field.

Meanwhile China in December exported a record high 6.17 million tonnes of refined fuel, beating the previous peak of 5.79 million tonnes set in November. Total annual oil product exports last year hit 52.2 million tonnes, up 8 percent over 2016.

The rush to export over the last two months of 2017 was spurred by additional quotas from the government.

Fuel imports last year rose 6.4 percent to 29.64 million tonnes. (tonne=7.3 barrels of crude oil)

($1 = 6.4825 Chinese yuan renminbi)

(Reporting by Chen Aizhu; Editing by Richard Pullin and Kenneth Maxwell)


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