China increased oil and gas imports since early 2023

In January-July 2023, China increased oil imports by 12.4 percent and gas by 7.6 percent – as evidenced by the data released by the Main Customs Administration of the People's Republic of China, RIA Novosti reports

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It is informed that, in six months, China imported 325.752m tonnes of oil; in price terms, the purchase of crude oil abroad cost $187.293bn (12.3 percent less than in the same period of 2022). In July, China purchased 43.686m tonnes of oil abroad for $23.904bn.

In addition, the volume of natural gas imports in H12023 amounted to 66.876m tonnes, worth $36.9bn. In July, China purchased 10.3m tonnes of natural gas abroad for $4.9bn.