Panorama of China ''''s Oil and LPG Imports and Exports in 2001

1. Crude oilChina 's dependence on oil imports (namely the proportion of the net imports to the domestic demand) slightly declined in 2001 in spite of the long-term upward trend. The net oil imports of the country including crude and oil products dropped to 64.9 million tons in 2001 from 69.6 million tons in the previous year, a 6.7 percent decline. The net import of crude fell while the import of oil products rose owing to the dramatic increase of fuel oil imports. The crude imports dropped t…     

China’s Oil Consumption Hits Record High in 2008

Soaring oil prices have not slowed China＇s consumption ofoil as statistics show that China＇s apparent consumption of crude oil and refined oil products both hit record highs in the first quarter of the year. According to statistics recently released by the China Petroleum and Chemical Industry Association （CPCIA）, China＇s apparent consumption of oil products composed of gasoline, diesel and kerosene rose by 16.5 percent year on year to 52.73 million tons in the first three months, and crude oil, rose by eight percent to 91.8 million tons. The ＂apparent consumption＂ represents the sum of net imports and output and could be taken as an index for the real oil consumption excluding inventory.     

SINOPEC TO BUILD EAST CHINA＇S 2^nd PRODUCT OIL PIPELINE

Following the 1^st＇ product oil pipeline in East China from Sinopec Zhenghai Refining ＆ Chemical Co. Ltd to Kangqiao in Hangzhou, Zhejiang Province put on operation in November 2000, Sinopec intends to build the 2^nd product oil pipeline starting from Jinshan, Shanghai directly to Huzhou via Jiaxing in Zhejiang. The pipeline is expected to bring into service by the end of December next year. This product oil pipeline is 157 kilometers in total length, in which, there is 105 kilometers within Jiaxing City and 52 kilometers within Huzhou City, Zhejiang Province. The total investment for the pipeline engineering and the associated oil storage will be approximately RMB550 million yuan. At present, the construction is in an overall preparation stage. The designed capacity of the pipeline is 5.1 million tons per year, equivalent to a volume that one 10-ton oil tanker transports 510,000 times, in which, the designed operational throughput toward Jiaxing and Huzhou will be 2.60 million tons per year and the oil supply capacity reserved will be 2.50 million tons per year.     

China’s Oil and Gas Imports and Exports in 2012

In 2012,China's net import of crude was 268.7 million tons,which is 18.63 million tons higher than that of the previous year.Net import of refined products increased greatly as the naphtha import climbed up and gasoline and diesel import shrank.Net LPG import had been reduced gradually for the third year and the sharp rise of petroleum coke import lifted the net imports of other relevant products by 50％.The total net import of crude,refined products,liquefied gas and other products was increased by 7.9％,reaching 293.1 million tons.The share of imported petroleum on the nation's total oil product consumption was raised from 59.9％ in 2011 to 62.1％ (Fig 1).     

Panorama of China＇s Petroleum Imports and Exportsin 2004

Year 2004 can be entitled as a breaking-record year.China‘s economy continued to develop at a high rate.When prices of crude oil and oil products were roaring to the highest level in the world‘s history, China‘s oil import also hit a record high with the total import of crude oil exceeding 120 million tons for the first time,and the total import of oil products exceeding 37 million tons. These figures, plus net import volumes of LPG andother oil products,     

China’s Petroleum Imports and Exports in 2010

Net imports of crude oil,product oil,liquefied petroleum gas(LPG),and other oil products rose by 16.2% and hit a historic high of 253.7 million tons in 2010.Among these,net imports of crude oil reached 236.3 million tons,93% of the total,and     

Panorama of China''''s Petroleum Imports and Exports in 2004

Year 2004 can be entitled as a breaking-record year. China’s economy continued to develop at a high rate. When prices of crude oil and oil products were roaring to the highest level in the world’s history, China’s oil import also hit a record high with the total import of crude oil exceeding 120 million tons for the first time, and the total import of oil products exceeding 37 million tons. These fi gures, plus net import volumes of LPG and other oil products, making the total net import …     

China Sees Strong Petrochemical Demand Next Decade

China is expected to witness a 10 percent growth in demand for petrochemical products in the next decade,leaving ample space for foreign firms willing to invest in the sector. The country is estimated to consume 18.5 million tons of ethylene next year, which will jump to 27 million tons by 2010, said Liu Yanwei, deputy chief engineer of China National Petroleum and Chemical Planning Institute.     

Sinopec Raises 2006 Oil and Gas Production

Sinopec Corp., the nation＇s second-biggest oil company, is expected to produce 1.9 percent more crude oil and 11 percent more gas in 2006 as the nation＇s energy demand continually rises. The company may pump 40 million tons of crude oil and 7 billion cubic meters of natural gas from domestic fields this year, said Sinopec Corp in a statement released in late December. The company produced 39.27 million tons of crude oil and 6.3 billion cubic meters of gas last year. Chinese oil companies are increasing investments in oil and gas exploration to meet demands by the world＇s fastest-growing major economy, which expanded 10.7 percent in the first three quarters of this year.     

China＇s Oil Imports and Exports in 2007

The net imports of oil increased by 8.4% in China in 2007, hitting the record of 183.48 million tons （Fig.1）. The net imports of crude oil and other oil products including paraffin wax, oil coke, and asphalt increased and balanced out the decrease of the net imports of product oil and liquefied petroleum gas （LPG）. The net imports of crude oil reached 159.35 million tons, up 14.8%. In 2006, a lot of refining refineries were newly built and expanded, as a result, the crude processing capacity of domestic refineries increased by 6.4% and rose to 326.79 million tons in 2007.     

Analysis of China's Oil Imports and Exports Situation

China's oil import dependence had risen to 72% in 2017, while its net imports of various oil products,including crude oil, refined oil, liquefied petroleum gas(LPG) and other products, had climbed to 418.8 million tons, an increase by10.7% over 2016. China's crude oil import reached 420 million tons, surpassed the United States for the first time, and China had become the biggest crude oil importing country in the world. Net export of the refined oil, mainly the diesel, continued to increase to 22.7 million tons, as driven by the oversupply situation of the domestic market. Last year, China's LPG import was 18.45 million tons, but its growth was diminishing.Oil price would continue to rise in 2018, while the domestic demand of refined oil would be maintained at a lower rate of growth. However, driving by new refining capacities to be brought online, it is estimated that the crude oil import would still be increased remarkably. LPG import would reach a new high due to the growth potential and strong demand for feedstocks in the petrochemical product market.     

China Sees Strong Petrochemical Demand Next Decade

China is expected to witness a 10 percent growth in demand for petrochemical products in the next decade,leaving ample space for foreign firms willing to invest in the sector. The country is estimated to consume 18.5 million tons of ethylene next year, which will jump to 27 million tons by 2010, said Liu Yanwei, deputy chief engineer of China National Petroleum and Chemical Planning Institute.However, Liu told the Second International Petroleum and Chemical Industry Forum in mid-December that it can produce 14 million tons of ethylene in 2010, far from enough to meet demand. "That means China will have to rely heavily on imports to solve its shortages," he said.     

2003年中国成品油消费市场分析及2004年展望

受“非典”影响,2003年上半年中国三大类成品油(汽油、煤油及柴油)表观消费量为6.234×10~2t,同比增长3.3％。其中汽油消费增长放缓,民航用油出现负增长,柴油消费则保持较快增长。依据用油行业消费调查以及成品油消费与GDP增长关系,考虑可能的影响因素,预测2004年中国成品油消费量将达到1.36×10~8～1.38×10~8t,同比增长4.6％～6.2％。     

世界主要国家和地区车用发动机油市场特点及发展方向

世界润滑油需求预计将以每年2.3%的速度增长,到2010年达到4180万t。发动机用油将继续占全部润滑油需求的半壁江山,份额为48%。美国、欧洲和日本引领了发动机油新技术发展潮流,对我国发动机油产生较大影响。文章主要介绍了美国、欧洲、日本以及中国汽车发动机油市场特点及发展趋势。     

国内环烷基润滑油生产和市场消费浅析

文章对世界范围内的环烷基润滑油生产商及其生产能力进行了介绍,对国内环烷基润滑油的消费领域、消费构成、消费总量及主要生产商进行了分析,同时还对未来环烷基润滑油的市场需求进行了预测。环烷基润滑油约占我国润滑油消费总量的16%,其主导产品为橡胶油和变压器油,分别占环烷基润滑油总消费的40%和27%,2010年我国环烷基基础油产量在100万t左右,预计2015年总需求量将达到140万t左右。     

中国石油天然气勘探开发现状及发展

中国是世界上油气资源比较丰富的国家之一，已累计探明石油地质储量188亿吨，天然气探明地质储量1．62万亿立方米，1997年我国石油产量达16034万吨。预计到2000年我国的石油需求达到205－2．47亿吨，到2010年石油需求将达到2．93－4．68亿吨，届时我国石油产量预计为1．9－2．7亿吨。因此，在加快国内油气勘探开发的同时，应适当利用外国资源加大跨国勘探开发的力度，分享世界油气资源。同时要切实推行油气并举和开发、节约并重的方针，使我国的能源消费结构更趋合理，走资源节约型、效益型的可持续发展之路。     

Outlook of Demand for Oil Products in China

It is estimated that in the coming years,the rate of consumption of oil products in China will increase at an energy-saving,environmentally-friendly,and slow pace.However,the increasing speed of the demand may vary according to the types of the products:gasoline and kerosene may be needed more while diesel may be needed less.It is also estimated that before 2020,there will be an oil products glut in the country.Export of oil products,especially diesel,will become a new norm or trend.Alternative energy forms,such as natural gas and electricity,will be developed rapidly to attain a goal of replacing 130 million tons of oil in 2030.Even with a more conservative scenario,oil demand in China is estimated to peak at either about 810 million tons or even less at 680 million tons by 2030 if the effect of alternative energy is considered     

华南地区EVA市场需求及分析

近年来国内EVA的需求逐年上升，1999年国内EVA树脂的表观需求量为225kt，2004年增至453．6kt，年均增长率约为20．3％，增长迅猛。华南地区是EVA的需求大区，目前该区无EVA供应，所需全部依靠进口和南下产品来满足。通过分析国内特别是华南地区对EVA的供应和需求，从发展前景、品种需求和运力等方面对华南地区EVA进行了分析预测。     

Analysis of China's Oil Imports and Exports in 2016

In 2016,China's net imports of crude oil increased to 378.3 million tons and its net exports of product oil soared to 20.45 million tons.Refinery crude runs continue to grow at a low rate,and the domestic product oil market still has a supply surplus.Diesel consumption fell for the first time in 21 years.The liquefied petroleum gas(LPG) market continues to grow rapidly,spurred on by feedstock demand for chemicals and gasoline blending components,and imports of LPG have reached a record high of 16.12 million tons.The refinery throughput of Petro China and SINOPEC had declined for 2 consecutive years,but crude oil imports climbed to a new high of 381 million tons as independent refineries boosted their utilization of capacity and the domestic oilfields produced a decreased amount of output.Imported oil now accounts for more than 2/3 of the Chinese market compared to being only about 1/3 15 years ago.Moreover,the proportion of imported crude in refinery runs has risen to 70%.In 2017,China's economy will continue to face substantial pressure,and domestic demand for product oil will continue to grow slowly.