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China refines record 31m tons of crude oil in May
(Xinhua)
Updated: 2009-06-22 14:26
Market analysts attributed the increases to surging demand as the domestic economy rebounded from its slowdown. Sales of refined oil topped 18.32 million tons in May, up 2.3 percent from April, with gasoline sales up 2.9 percent year-on-year, or 3.6 percent from April, to hit 5.61 million tons. "China's crude output and sales are expected to continue rising, to meet the demand from heavy industry in particular," said Jiang Xinmin, an expert with the National Development and Reform Commission, the country's economic planner. (For more biz stories, please visit Industries)
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