OREANDA-NEWS. March 24, 2014. China, the world's second largest oil consumer after the U.S., imported 23.05 million tons of crude oil in Feb 2014, 10.92% more than in the same period of last year, according to the latest figures from China's General Administration of Customs.
 
The import value of crude oil for last month rose 8.35% from a year earlier to USD18.08 billion.
 
Last month, the country saw its imports of refined oil reach 2.41 million tons, reflecting a decrease of 28.7% year on year. The import value of refined oil was down 27.05% from a year earlier to USD 1.88 billion in Feb.
 
In the first two months of this year, the country imported a total of 51.2 million tons of crude oil, up 11.5% year on year, while the import value for the period grew 10.3% to USD 40.51 billion.
 
China imported 6.18 million tons of refined oil in the first two months, reflecting a year on year decrease of 15.4%.