Libyan turmoil has limited impact on China's energy supplies
Updated: 2011-04-22 17:33
BEIJING - Unrest in Libya has had limited impact on China's energy supplies as domestic companies have found other sources of oil, an energy official said Friday.
The NEA expects the country's oil consumption to hit 130 million tons in the first half of this year, up 9 percent over a year earlier. The NEA also believes that consumption for the entirety of 2011 will climb 8 percent to reach 265 million tons.
Wang noted that China will pay attention to oil price fluctuations triggered by ongoing tension in Libya.
A disruption in Libya's oil supply, which accounts for about 2 percent of the world's total, will not have a profound impact on global supplies, Wang said.
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