Wednesday, February 19, 2014

China's auto demand is driving the demand for African oil

China's auto demand is driving the demand for African oil, tens of millions of Chinese citizens by owning a car entering into the middle class lifestyle.Africa has the same growth momentum.African consumers demand is growing,spiral steel pipes 1200mm diameter it help some African countries prepare for China's economic growth is slowing.

Africa's second-biggest oil producer Angola 1.8 million barrels a day, 40% of export to China.Officials said the stable demand will lead to the country in the future to increase oil production by 10% a year.But at the same time, just the rise of the consuming class are helping drive Angola's economic growth.The IMF (International Monetary Fund,schedule 80 black butt welded pipe fittings the IMF) is expected, Angola's economy will grow by 6.3% this year, growth will be higher than 5.6% in 2012.

Brazilian pepper SA Angola market enterprise group is responsible for any manager (Gustavo Fontes), said in Angola,180 degree u bends carbon steel a234 people have consumption will, some people are spending.The company recently opened a 31 supermarket chain in Angola, to cover the local new consumers.