PIW: Angola was China’s biggest crude supplier in March

Angola overtook Saudi Arabia as China’s largest crude oil supplier in March, a month in which China’s imports rose to their second highest level on record, according to Petroleum Intelligence Weekly.

China’s third largest provider was Iran. Here is more from PIW:

Crude imports in March rose nearly 29 per cent to 4.98m b/d, the second highest on record. Angola was top supplier, shipping over 1m b/d, nearly double the volume last March. Saudi Arabia slipped to second spot with 760,700 b/d while Iran was third with 524,800 b/d. Total Mideast volumes were 2.25m b/d, or 45% of overall deliveries, while African cargoes comprised 35.8 per cent. China’s total imports in the first quarter of this year averaged 4.62m b/d, up 29 per cent year-on-year. The higher imports have been attributed to increased domestic refining capacity as well as robust economic growth, which was 11.9 per cent in the first quarter.

China’s Top 10 Crude Suppliers
(’000 b/d) Mar.’10 Mar.’09 Vol. Chg. % Chg.
Angola 1,081 544 537 98.7
Saudi Arabia 761 589 172 29.2
Iran 525 457 68 14.9
Russia 383 322 61 18.9
Libya 341 31 310 1,000
Oman 289 303 -14 -4.6
Sudan 241 242 -1 -0.4
Iraq 224 129 95 73.6
Kuwait 223 177 46 26.0
Kazakhstan 217 86 131 152.3
Others 695 984 -289 -29.4
Total 4,980 3,864 1,116 28.9

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