China's oil demand will rise 4.5 percent annually till 2015, the nation's largest oil company said yesterday. 

 

Demand may reach 515 million metric tons by 2015 from 346 million tons in 2006, the CNPC Research Institute of Economics and Technology, the think-tank of China National Petroleum Corp, said.

 

Gasoline demand may rise to 76.7 million tons by 2015 and kerosene demand may double to 23.3 million tons, it said. Diesel demand may climb 5.7 percent annually to 192.1 million tons and fuel oil demand may gain 2.4 percent annually to 59.26 million tons, according to the statement.

 

(Shanghai Daily December 6, 2007)