In July, China significantly reduced the volume of oil imports from Russia and Saudi Arabia, the largest suppliers of this raw material to China. In this respect to witness China Customs data.
According to Chinese customs, oil purchases from Russia last month decreased by 23.2 percent compared to June, to 8.07 million tons. In the same period, exports from Saudi Arabia decreased by 28.4% to 5.65 million tons.
As a result, the average daily delivery volume from the Russian Federation fell from 350 thousand tons to 260 thousand tons, from Saudi Arabia from 264 thousand tons to 182 thousand tons. Partially reduced volumes were compensated for deliveries from Iraq, Oman, Angola and Kuwait. interfax.
Overall, China’s oil imports in July decreased by 16.1% from June to 43.69 million tons. This is the lowest level since the beginning of 2022.
According to analysts, the reason for the sharp decline in imports was that China had previously actively increased its oil reserves, and now had to reduce purchases due to excess resources. The growth of the Chinese economy continues to be a major driver for global oil demand.
Also in China imports A record amount of oil came out of Iran.
old russia it happened Biggest oil exporter to India and China