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China may start exporting oil to finance development
Western and Japanese experts say China could widen exports to fund domestic industrial growth. While reserves are uncertain, estimates range near 70 billion barrels with offshore potential. Obstacles include refining costs, heavy wax content, and port limits, though demand from the United States, France and Australia persists. Japan remains the top customer, buying 40.6 million barrels in the current year.
MENTIONED IN THIS ARTICLE
Tokyo
China
Saudi Arabia
Peking
Japan
Middle East
United States
France
Australia
Organization of Petroleum Exporting Countries
OPEC
Thailand
Philippines
Romania
Petroleum Intelligence Weekly
Japa
External Trade Organization
JETRO
Toshio Komoto
International Trade and Industry