China Expands Import Equipment of Marine Oil Production

The oil price has been soaring continuously while the oil consumption in China has been increasingly rising, China is expanding the import of marine petroleum exploitation equipment greatly to produce more oil from oceans. According to the statistics from Tianjin Port, one of the largest international trade ports in China, 39 generating electricity sets for offshore oil exploitation have been imported and passed through the custom formalities in the fi rst 7 months this year. The total value…

China Expands Import Equipment of Marine Oil Production

The oil price has been soaring continuously while the oil consumption in China has been increasingly rising, China is expanding the import of marine petroleum exploitation equipment greatly to produce more oil from oceans. According to the statistics from Tianjin Port, one of the largest international trade ports in China, 39 generating electricity sets for offshore oil exploitation have been imported and passed through the custom formalities in the first 7 months this year.The total value of them is US$ 4.407 million, an increase of 44.4% compared to the corresponding period last year, in addition, this port has also imported other offshore exploration and development equipment valued at US$ 120 million. Most of them are from the US with a value of US$ 57.25 million, anincrease of 54.9% over last year.