2005年世界和中国石化工业综述

Review of the Global and Chinese Petrochemical Industry in 2005

尽管受原油价格高涨等因素影响,2005年世界经济增长较上年有所放缓,但世界石油石化工业仍处于景气上升阶段,呈现继续增长态势:全球石油产量保持稳定,石化产品需求继续增加,主要石化公司盈利普遍增长;乙烯生产能力持续增长;世界石化生产基地明显东移,在亚洲与中东的投资稳步推进;跨国石油公司趋向巨型并购,私有资本在并购领域相当活跃;主要替代能源在石化领域的开发利用前景看好。2005年中国经济持续快速增长引领国内石油石化行业生产与消费的增长:油气产量稳步上升,主要石化产品产量位于世界前列,生产与效益再创新高。同时,我们也应看到,在石油石化投资主体多元化发展、新一轮石油石化投资高涨的情况下,某些领域的建设较为集中,投资风险开始显现的问题不容忽视。

Despite the slowdown of global economic growth in 2005caused primarily by the continued crude oil spike, the globalpetrochemical industry maintained its momentum for continuedgrowth, as characterized by the steady increase in the global oilproduction and demand for petrochemical products, large rises inearnings by big petrochemical corporations; sustained rise inethelene production capacity, eastward shift of the globalpetrochemical production base, with a steady increase in theinvestment in Asia and the Middle East area; an increasing trendof big mergers and acquisitions by multinational oil corporations,with private capital playing an active role in this area; the broadprospects for the development and utilization of major substitutes;an impressive rise in the production of the domestic petrochemicalindustry and petrochemical product consumption inspired by thesustained high-speed growth of the Chinese economy in 2005; thesteady rise in China's oil/gas production (China has joined theleague of top achievers in terms of production of majorpetrochemical products, with its petrochemical production andprofitability coming to an all-time high). It is noteworthy howeverthat there emerge increasing risks in some specific fields as a resultof a new round of investment in the oil and petrochemical sectors.