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Saudi is still China's top crude supplier
- Saudi Arabia: Wednesday, January 23 - 2008 at 09:08
Saudi Arabia consolidated its place as China's top crude oil supplier in 2007 after its exports growth outpaced that of nearest rival Angola, data from the General Administration of Customs said, reported Dow Jones. Saudi is likely to pull further ahead, as it chases a target of exporting 1 million barrels of crude a day to China by the end of the decade. That would equal more than half of Angola's current total exports to international customers. Saudi Arabia supplied 26.33 million metric tons of crude to China last year, equivalent to around 528,000 barrels a day, the customs data showed.
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Amena Bakr, Senior ReporterWednesday, January 23 - 2008 at 09:08 UAE local time (GMT+4)
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