XIAMEN, China, February 9 /PRNewswire/ -- Experts from China's State Energy Committee said yesterday that China's huge appetite for crude oil will go on. As the second largest oil consumer of the world, China imported 203.8 million tonnes of crude oil in 2009, pushing up the import dependency to 52%; data from National Bureau of Statistics of China. Senior officials from the National Energy Committee hinted that the import volume in 2010 will increase by another 15%.

With low self-sufficiency due to small proven oil reserves, four major Chinese petroleum companies including, Sinopec, PetroChina and CNOOC are searching for international resources. So far, Kazakhstan, Russia, Venezuela, Sudan, West Africa, Iran, Saudi Arabia and Canada have been put on the list for consideration. The Middle East, among all these regions, is the first choice.

Going to the Middle East will be a hot topic at the 11th China Oil Traders' Conference (COTC), an annual oil event and the 'APPEC' in China, which will be held by CBI in March 2010. Acknowledged as a serial conference with the largest scale, highest level and the most practical content, COTC has attracted over 400 participants every year in the past ten years.

Join COTC, broadening your insight into the Chinese oil market!

For more information, please log on http://cotc11.c1energy.biz/ or contact Ms. Cynthia Zhang on +86-21-5155-1657 or cynthiazhang@cbichina.com.

SOURCE: CBI Events

CONTACT: Ms. Cynthia Zhang on +86-21-5155-1657 orcynthiazhang@cbichina.com