OREANDA-NEWS. September 07, 2011. China's investment in the oil-refining industry jumped 17.1% year on year to RMB 69.6 billion in the first seven months of this year, according to the latest statistics released by the National Development and Reform Commission.

In July, the industry received RMB 11.8 billion of investment, 25.8% less than in June. The output value of the oil-refining industry reached RMB 257 billion in July, up 32.6% year on year.

The country started the construction on 395 oil-refining projects in the first seven months, 14.1% less than in the same period of 2010, and completed 204 projects during the period, up 2.5% year on year.

The oil refining sector processed 34.49 million metric tons of crude oil in July, 5.9% more than in the corresponding period of last year.

The output of oil products climbed 4.4% year on year to 22.16 million metric tons in July. The figure included 6.54 million metric tons of gasoline and 13.99 million metric tons of diesel, up 3.4% and 4.3% year on year, respectively. The country produced 1.63 million metric tons of kerosene in Jul.

In July, refined oil exports and imports reached 1.03 million metric tons and 490,000 metric tons, respectively. Gasoline net exports reached 300,000 metric tons.