China to become world’s largest oil importer by 2020

Beijing – China is likely to become the world’s largest oil importer in the 2020s, tripping behind the United States.

The Paris-based International Energy Agency (IEA) report revealed that India will replace China as the world’s biggest driving force for energy demand after 2020, the China Daily reports.

According to the China’s National Petroleum Corp Economics and Technology Research Institute in Beijing, its crude oil imports for 2013 are estimated at 289 million metric tons, up 7.3 percent year-after-year.