KUWAIT’S CRUDE OIL EXPORTS TO CHINA AT 191,000 BPD IN AUG

BEIJING, China, Sept 24 Kuwait’s crude oil exports to China in Aug, stood at 809,000 tonnes, equivalent to about 191,000 barrels per day (bpd), the latest government data showed Wednesday.

Shipments from Kuwait to China fell 19.2 percent from a year earlier, according to data released by the General Administration of Customs.

China’s overall imports of crude oil in Aug, rose 17.5 percent on the year to 5.96 million bpd.

Saudi Arabia remained China’s top supplier last month, with its shipments growing 4.2 percent to 933,000 bpd, followed by Angola, with 761,000 bpd, up 5.0 percent.

Oman became third with imports from the country surging 102.4 percent to 688,000 bpd.

Russia ranked fourth and Iraq fifth, respectively.

China is the world’s second oil consumer after the United States. Last month, state-run Kuwait Petroleum Corporation (KPC) and China’s top energy trader, Unipec, signed a landmark deal that will significantly boost crude oil deliveries over the next 10 years, the biggest-ever sales contract in KPC’s history, by volume and revenues in all regions.

Under the agreement, KPC will supply Unipec with 300,000 bpd of crude oil, starting from this year, with a strong possibility of increasing the volume to 400,000 bpd, KPC told Kuwait News Agency (KUNA), after the signing ceremony.

SOURCE: KUNA