The refinery will produce 10 million tons of oil per year, or 200,000 barrels per day.
PDVSA USES it to refine 200, 000 barrels per day-well below its capacity.
Oil production from Daqing peaked at about 1.1m barrels per day (b/d) in 1997.
It forecast world oil consumption next year would reach 85.2m barrels per day, up from 83.8m this year.
The advent of new technologies has added about 4.2 million barrels per day to the crude oil market.
Guangzhou Groundey specially purchase of 20 electric garbAge truck for the city garbage removal, clean up all kinds of garbage 1200 barrels per day.
The advent of new technologies has added about 4.2 million barrels per day to the crude oil market, contriButing to a global over-supply.
But Yemeni production is currently headed south, from more than 400,000 barrels per day in 2003 to fewer than 300,000 in 2009.
On the oil and gas production side, global output of 2.74 million barrels per day (BPD) in the first two months of the quarter was weaker than the first quarter.
"Even if oil demand were to remain flat, the world would need to find more than 40m barrels per day of gross new capacity-equal to four new Saudi arabias-just to offset this decline," says Mr Birol.
According to the International Energy Agency analysis of projected trends, India will eventually be importing around 7.4 million barrels per day, roughly 90 percent of its future petroleum needs.
