Sinopec sees soaring U.S. oil imports

Updated 2018-02-27 11:10:02

Sinopec has said it expected crude imports from the U.S. would increase at a faster pace in 2018 and exceed 10 million tons for the year.

Sinopec imported 5.57 million tons of U.S. crude through its China International United Petroleum & Chemicals Co (UNIPEC) subsidiary in 2017. UNIPEC was the largest U.S. crude importer in the Asia-Pacific region last year. Its imports account for about 10 percent of total U.S. exports for the year.

So far, more than a dozen Sinopec refineries have processed U.S. crude.

In 2017, China imported 420 million tons of crude, exceeding the U.S. to become the world's largest crude importer. The U.S., on the other hand, is becoming a major oil exporter due to its energy revolution.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58August 18 2018 01:19:13

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16August 18 2018 01:19:13

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18August 18 2018 01:19:13

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords