According to the website of the National Bureau of Statistics, crude oil production remained stable, while the growth rate of imports fell. In December, 16.87 million tons of crude oil were produced, a year-on-year increase of 2.5%, and the growth rate slowed down by 0.4 percentage points from the previous month, with an average daily output of 544,000 tons. Imported crude oil was 48.07 million tons, a year-on-year increase of 4.2%, and the growth rate dropped by 7.6 percentage points from the previous month.

In 2022, 204.67 million tons of crude oil were produced, a year-on-year increase of 2.9%. Imported crude oil was 508.28 million tons, a year-on-year decrease of 0.9%.

The growth rate of crude oil processing has accelerated. In December, 59.88 million tons of crude oil were processed, a year-on-year increase of 2.5%, and the growth rate was 2.2 percentage points faster than the previous month, with an average daily processing of 1.932 million tons. In 2022, 675.9 million tons of crude oil will be processed, a year-on-year decrease of 3.4%.

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