China has become one of the largest oil consumers and importers in the world. It relies on imports for around 60% of its oil consumption, importing most from the Middle East and Africa. Several major Chinese state-owned oil companies have invested heavily in Iraq's oil industry since the Iraq War, and now have stakes in some of Iraq's largest oil fields, helping China secure a vital supply of oil.

2.  ENERGY PROFILE.
 CONSUMPTION.
 SUPPLIERS.
 INVOLVEMENT IN IRAQ.

3. - % 19 dependence on Oil
- 2009, China is regarded as the world’s second energy, oil
consumer. EIA
- Growing oil imports, 2.9 bbl/day in 2010. Second largest importer.
- China’s oil demand rose by %0.7 in December 2012, or av. 9.69
million barrels per day (b/d) ( Platt report ).
- China’s refineries reached the ever highest processing and
refining capacities.
- In July 2009, oil product imports were also at 4.04 million mt. (
Platt )
- China has 20.4 billion barrels of proven oil reserves as of January
2011. ( OGJ, EIA)

4. - The economic growth and the increasing demand led the country to
need 8.4 million barrels a day to operate. (CBN)
- China’s oil consumption rate has grown from 4.8 million barrels per day
(MBPD) to 9.6 MBPD amounting to half of the total US consumption.
In 2010 the growth in oil demand in China is up 17%. (CGES)
(greeneco)

5. IMPORTS
- Main suppliers are Middle East and Africa ( Mainly Saudi Arabia and
Angola.).
- %4.0 from Asia Pacific Region.
- %20 other countries.

6.  China, specifically Chinese state owned Oil companies,
are one of the largest beneficiary of Iraq oil resources (
The Street)
WALL ST J

7.  AL-Waha Oil Co. ltd.( AL-Rumaila)
 China National Petroleum Corp. CNPC. (state
owned) ( AL-Ahdab oil Field)
 China National Offshore Oil Corporation (
Maysan oil fields (Maysan oil fields (Bazirgan,
Fakka, Abu Ghareeb) (Ir MOO)

8. http://newshopper.sulekha.com/elias-kassis-hussain-al-shahristani_photo_1139521.htm

9. http://www.google.com/imgres?hl=en&biw=1366&bih=600&gbv=2&tbm=isch&tbnid=hUMXy_yFJ9VI2M:&imgrefurl=http://www.huffingtonpost.com/2009/06/29/iraq-oil-fields-are-
wante_n_222521.html&docid=Kr42htYnCP7D4M&imgurl=http://p.twimg.com/AiuG1iuCQAAbQ24.png&w=600&h=397&ei=wqNBT7mxO4iSgQfK9rmFCA&zoom=1&iact=hc&vpx=486&vpy=99&dur=25&hovh=183&hovw=276&tx=131&ty=10
3&sig=111280745252637953730&page=1&tbnh=125&tbnw=180&start=0&ndsp=18&ved=0CIABEK0DMA4

10.  http://www.msnbc.msn.com/id/37577656/ns/business-oil_and_energy/t/china-reaps-
benefits-iraq-war/#.Tzxinly6Zic
 http://finance.yahoo.com/news/platts-report-chinas-oil-demand-145400317.html
 http://www.eia.gov/cabs/china/Full.html
 http://www.thestreet.com/story/11267956/china-outbids-oil-majors-in-iraq.html
 http://www.cbn.com/cbnnews/world/2010/June/China-Benefits-from-Oil-Deals-with-
Iraq/
 http://www.nytimes.com/2011/06/29/world/asia/29chinairaq.html
 www.oil.gov.iq
 http://greenecon.net/update-on-oil-consumption/energy_economics.html#more-115
 This file is copyrighted: Hiba Jameel 2012
Edmond Oklahoma.
No item to be copied or reproduced without the written permission of the author.
Contact author: jameelh@soarever.com