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China Energy Expansion Could Trigger Buying Opportunities

Thursday, 19 Jan 2012 | 4:40 AM ET

Alejandro Barbajosa ,oil markets specialist at Argus Media, told CNBC, "China needs to secure its energy needs for the coming decade or for the coming two decades, especially as it now forecast to overtake the US as the biggest oil consumer by 2027, according to BP. This means that refining capacity in China is going to grow."