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About: Petroleum industry in China     Goto   Sponge   NotDistinct   Permalink

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The impact of the petroleum industry has been increasing globally as China ranks seventh for oil production and second in crude oil consumption in the world. China imported a record 6.7m barrels a day (b/d) of oil in 2015 and was forecast "to overtake the U.S. as the world’s biggest crude importer in 2016"