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Oct 15 2013 / 12:00 AM- 12:00 AM
5 Jian Guo Men Nei Da Jie, Beijing, Dong Cheng Qu
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China will become the world’s largest importer of crude oil in October 2013, surpassing the U.S. for the first time, according to projections by the U.S. Energy Information Administration.
China’s oil imports have been increasing for years, but have grown more rapidly during this decade with a surge in car sales, which grew to more than 19 million last year.
That surge has caused China’s consumption of oil to increase to 11 million barrels a day. With domestic oil production at about 3 million barrels a day, China is increasingly turning to Latin America to import oil to satisfy domestic demand.
On Oct. 15, the Institute of the Americas, in collaboration with the Institute of Latin American Studies (ILAS) of the Chinese Academy of Social Sciences and the Development Bank of Latin America (CAF), will hold its fourth annual Beijing conference on China’s role in the Latin American oil market and Latin America’s strategy to reshape regional energy production. The conference will also examine unconventional resources exploration and production in North America and its impact on the balance of energy supply and demand.
Energy industry experts from Beijing, Mexico, Brazil, Peru, Chile, the United States and Canada will discuss international oil politics, Latin America’s energy production and unconventional resources production in North America during the day-long conference at the prestigious headquarters of the Chinese Academy of Social Sciences.
For information about sponsorships, please contact S. Lynne Walker, China-Americas Program Director
- Julian Ventura, Mexican Ambassador to China, Mexico
- Zeng Gang, Former Chinese Ambassador to Mexico, Beijing
- Gonzalo Gutiérrez Reinel, Peruvian Ambassador to China, Peru
- Luis Vera, Founding partner of Vera & Carvajal, Mexico
- Huang Xiaoyong, Dean of the Graduate School, CASS, Beijing
- Professor Wu Guoping, ILAS, Beijing
- Matt Ferchen, Director of the Center for Economic and Political Relations between China and Latin America, Carnegie-Tsinghua University, Beijing
- Sun Hongbo, Research Associate of ILAS, CASS, Beijing
- Wang Peng, Research Associate of ILAS, CASS, Beijing
- Yang Guisheng, Senior Partner of Da Cheng Law Offices, Beijing
- Ding Yifan, Deputy Director of the Institute of World Economy, Development Research Center of the State Council, Beijing