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Markets

China's Feb crude throughput up 3.7pc y/y

Published March 20, 2014 Updated March 20, 2014 05:01am

imageBEIJING: China's refinery throughput rose 3.7 percent in February from a year earlier to 35.81 million tonnes, or 9.34 million barrels per day (bpd), the country's top planning body said.

Crude output rose 1.4 percent to 16.04 million tonnes, or 4.18 million bpd last month, the National Development and Reform Commission said.

The NDRC data often differs from data from China's National Bureau of Statistics.

Total output of refined fuel rose 5.7 percent to 22.34 million tonnes in February, with gasoline output up 9.3 percent and diesel output up 1.1 percent, the NDRC said.

Implied consumption for gasoline fell 5.8 percent last month, while implied consumption for diesel fell 6.0 percent, it said. Refined fuel stocks at end-February were 2.83 million tonnes higher than at end-January and 690,000 tonnes higher than a year ago, it said.

China's natural gas imports in February rose 2.8 percent from a year ago to 4.1 billion cubic metres (bcm), with imported piped gas at 1.9 bcm and imported liquefied natural gas (LNG) at 2.2 bcm, the NDRC said.

Natural gas output rose 8.3 percent from a year ago to 10.3 bcm last month, it added.

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