China Needs New Extraction Techniques To Expand Its Oil Output

05Feb2014February 5, 2014

China Needs New Extraction Techniques To Expand Its Oil Output

China is the world’s second largest consumer of crude oil with oil consumption growing 4% in 2013. However, the country is able to cater to only 42% of this demand with China expected to become the largest net importer of crude oil in 2014.
Emerging economy needs to fuel its growth
The world’s fastest growing economy consumed about 10.7 million barrels per day (bblpd) of oil in 2013 according to the US Energy Information Administration (EIA). The country grew at an uncontrollable pace over the . . .

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Author

Hira Shahnawaz Akhtar

Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.