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2020-01-31 12:20:00

SAUDI'S OIL FOR CHINA UP 47%

SAUDI'S OIL FOR CHINA UP 47%

REUTERS - China's crude oil imports from top supplier Saudi Arabia rose nearly 47% in 2019, with December shipments from the kingdom flat to a year earlier, customs data showed on Friday.

The big annual boost in Saudi shipments followed a new marketing strategy by state-run Aramco, which signed at least two new supply pacts with private refiners in China that came into the market from late 2018. Previously, Saudi Aramco had only dealt with China's state refiners in long-term contracts.

Shipments to China in 2019 from the world's top oil exporter totaled…

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