Crude oil imports in China are mainly carried out by state-owned entities with non state-owned entities as compliment. Crude imported by 5 state-owned entities accounts for 90% of the total imports, while non state-ow...Crude oil imports in China are mainly carried out by state-owned entities with non state-owned entities as compliment. Crude imported by 5 state-owned entities accounts for 90% of the total imports, while non state-owned entities are about given more freedom in using and importing crude. In 2015 only, there were 13 compauies graftted rcritlt access to imported crude oil and 6welv qualiied to import rights. Currently, there are 29 non-state-owned companies engaging in crude import business. China oil market is .faced with severe challenges. Ttre growth rate of oil demand declined, and dependence upon imported oil increased and reached as high as 61.26% in 2015. Refined oil demand growth also slowed down, and oil refining overcapacity got prominent and completion wouht become fiercer＂ in future. Overcapacity was about 140 million toils per year in 2015. Consumption ratio of diesel to gasoline went on declining, and ttre task of product structure adjustment was heavy. China oil market is undergoing great transformation, and institutional mechanism zoill go ahead, on the basis of centering on orderly release of limitations on crude oil and refined oil import and export, orderly release of competitive business arrd government pricing of oil/gas downstream links, vigorous resolving of overcapacity, strengthening low-carbon development, and laying a solid foundation.for guarantee.展开更多
This article described the changes in consumption of finished petroleum products in China since 2008, referring to the international economic environment that has reversed the consumption of finished oil products, and...This article described the changes in consumption of finished petroleum products in China since 2008, referring to the international economic environment that has reversed the consumption of finished oil products, and China＇s domestic economic situation and oil pricing policy and major factors related with changes in industrial sectors. This article, by making projections on future market trends, has estimated that in the foreseeable future the domestic finished oil products market will be glutted with oil products that will exceed the demand.展开更多
PetroChina Daqing Refining ＆ Chemical Company with a total investment of RMB 1.236 billion yuan is building a 300,000-ton polypropylene projet. The project has been handed over at present and put into trial productio...PetroChina Daqing Refining ＆ Chemical Company with a total investment of RMB 1.236 billion yuan is building a 300,000-ton polypropylene projet. The project has been handed over at present and put into trial production since May 30,2005, it has been come into stream fully in July. It is estimated that it can produce 110,000 tons polypropylene this year. Its marketing channel will be the unified sales network for all the branch companies in PetroChina chemical domain.展开更多
文摘Crude oil imports in China are mainly carried out by state-owned entities with non state-owned entities as compliment. Crude imported by 5 state-owned entities accounts for 90% of the total imports, while non state-owned entities are about given more freedom in using and importing crude. In 2015 only, there were 13 compauies graftted rcritlt access to imported crude oil and 6welv qualiied to import rights. Currently, there are 29 non-state-owned companies engaging in crude import business. China oil market is .faced with severe challenges. Ttre growth rate of oil demand declined, and dependence upon imported oil increased and reached as high as 61.26% in 2015. Refined oil demand growth also slowed down, and oil refining overcapacity got prominent and completion wouht become fiercer＂ in future. Overcapacity was about 140 million toils per year in 2015. Consumption ratio of diesel to gasoline went on declining, and ttre task of product structure adjustment was heavy. China oil market is undergoing great transformation, and institutional mechanism zoill go ahead, on the basis of centering on orderly release of limitations on crude oil and refined oil import and export, orderly release of competitive business arrd government pricing of oil/gas downstream links, vigorous resolving of overcapacity, strengthening low-carbon development, and laying a solid foundation.for guarantee.
文摘This article described the changes in consumption of finished petroleum products in China since 2008, referring to the international economic environment that has reversed the consumption of finished oil products, and China＇s domestic economic situation and oil pricing policy and major factors related with changes in industrial sectors. This article, by making projections on future market trends, has estimated that in the foreseeable future the domestic finished oil products market will be glutted with oil products that will exceed the demand.
文摘PetroChina Daqing Refining ＆ Chemical Company with a total investment of RMB 1.236 billion yuan is building a 300,000-ton polypropylene projet. The project has been handed over at present and put into trial production since May 30,2005, it has been come into stream fully in July. It is estimated that it can produce 110,000 tons polypropylene this year. Its marketing channel will be the unified sales network for all the branch companies in PetroChina chemical domain.
