Por Daniel Workman / Suite101.com
Saudi Arabia exports the most barrels of crude oil to China while Iraq, Libya and Canada achieve the strongest gains selling crude petroleum to the Chinese.
China imported a total 203.8 million tons of crude oil in 2010, up 13.9% from the prior year.
While converting tons of crude oil to barrels depends on different factors, China consumed approximately 27.8 million barrels of crude oil last year. That figure is based on an approximate conversion factor from the Society of Petroleum Engineers’ website, specifically 7.35294 barrels per ton of crude petroleum.
