China''''s Petroleum Consumption and Petroleum Security

Petroleum consumption and petroleum security in China can directly affect the development of national economy. This article briefs the conditions in world's developed countries with respect to oil consumption and strategic oil reserves. Taking into account the quick increase in China's oil consumption this article proposes to increase the oil resources along with consumption reduction and avoidance of risks in order to safeguard China's oil supplies.     

Scientific and Technological Innovation Is an Important Approach to Ensuring China’s Oil Security

1. Two main threats to China’s oil security 1.1 Increasing oil consumption With the rapid and continual growth of China’s economy, the demand for oil continues to increase and widens the gap between supply and demand. Oil shortage has become the bottleneck restricting economic and social development. China’s oil consumption increased from 118 million tons in 1991 to 327 million tons in 2005, with an average growth rate of over 7% (Statistical Abstracts of China 2006). In 2002, China surp…     

Problems Confronting China＇s Petroleum Refining Industry During the High Oil Price Period and Suggestions

This article has suggested that high oil price could loom many years in the future and has analyzed the impact of this trend on the oil product mix and petroleum refining industry in China. This article has also put forward measures for sharpening the international competitive edge of China＇s petroleum refining industry to cope with the challenges of high oil price.     

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,     

Analysis of China’s Petroleum Import and Export

Countermeasures for more oil and gas imports China's imports of oil and gas may both take the lead in the world A rapid increase of petroleum consumption in China is almost inevitable and any attempt to slow the pace would sure face difficulties.According to BP's Statistical Review of World Energy,the crude import of the US,China and Japan were 445 million tons,253 million tons and 177 million tons in 2011,accounting for 23.5％,13.3％ and 9.4％ of the world's total import.China is already the world's second largest importer of crude.Chinese government also confirmed that by 2020,China's energy consumption will be 5 billion tons of standard coal equivalent.     

Status Quo of China＇s Petroleum Exploration and Its Prospect

The oil shortages in China have been becoming more serious in the recent years, which set higher pressure on petroleum exploration in China. In order to increase oil and gas supply and safeguard national energy security, it is critical for China to strengthen oil and gas exploration for more and more oil and gas discoveries. Based on summing up the outcomes of petroleum exploration achieved in the 10th Five-Year Plan period （2001-2005）, the paper analyzes the main issues facing China＇s petroleum exploration currently and in the future. What＇ s more, it probes into the trends of petroleum exploration in the future and predicts the growth of oil and gas reserves. The strategic trend of petroleum exploration is to ＂be based on exploration for large basins, look for new exploration areas, maintain the development of eastern China, accelerate the exploration of western China, speed up offshore exploration.＂[第一段]     

Analysis of Current Status of Steam Cracking Feed Production and Measures for Maximization of Steam Cracking Feed

In recent years China has seen speedy development of its ethylene industry. Compared to other advanced countries the per capita ethylene consumption in China is still low. With successive startup of grassroots ethylene projects in China after 2006 and debottlenecking and expansion of existing ethylene units China will be confronted with the major issues related with increase of feedstocks for steam cracking. Naphtha is the main feedstock for producing ethylene, and the hydrocracked tail oil is increasing its share in the steam cracker feedstock pool over recent years. This article has analyzed the possibility for maximization of steam cracking feedstock and estimated steam cracker feedstock output based on processing 5 Mt/a of different crudes including the mixed crude transferred through Lu-Ning pipeline and Arabian light crude using corresponding process technologies at the refinery.     

China to Further Accelerate Overseas Oil Operation

With China‘s national economy developing rapidly, the contradiction between oil supply and demand is increasing intense in the country. The growth of the domestic production has been lower than that of consumption since 1993.Reportedly, the oil consumption will rise at a rate of about 3.5 percent each year before 2010 while dependence on foreign oil resources will rise to 44 percent by 2010 from the current 20percent. It is an important issue for China‘s future economy to secure a long-term and stable oil supply. It is necessary to accelerate China‘s overseas oil operation because this issue is strategically related to whether the national economy can be kept growing continuously and healthfully.……     

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.     

Panorama of China＇s Petroleum Imports and Exports in 2006

The year of 2006 saw the petroleum imports increase considerably in China since the rapidly developed economy had an urgent demand for fuels. China＇s economy has been developing at the high rate of more than 10% for four consecutive years since 2003. The gross domestic product （GDP） rose by 10.7% in China in 2006, which is the highest speed since 1999. China＇s demand for oil products increased more rapidly in 2006 than in 2005 and its apparent demand for main oil products was 6% higher, which was almost equal to the increment of the processing capacity of domestic oil refining plants. China＇s import of crude oil has been rising for five consecutive years due to the increased processing and refining capacities.     

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 …     

Sinopec Intends to Buy Canadian Energy Company

Sinopec, China‘s biggest oil refiner and one of the big-thSinopec, China‘s biggest oil refiner and one of the big-three oil companies in the country, was reportedly in talks with Hutchison Whampoa and its controlling shareholder Li Ka-shing to buy all or part of their controlling stake in Canada‘s Husky Energy at the present time. Such an acquisition would not only give Sinopec access to Husky‘s millions of barrels ofoil and natural gas reserves,     

Impact of Economic Growth Mode and Development of Relevant Industries on Oil Products Consumption Increase in China

1 Situations of Refining Products Consumption over Recent Years in China From 1995 through 2002 the consumption of refining products （gasoline, kerosene and diesel fuel） in China grew slowly at an annual increase rate of 7.6%, while the consumption of oil products speeded up after 2002. In 2003 under the influence of SARS the apparent consumption of oil products in China still amounted to 132 million metric tons, a 7.8 % increase which was equivalent to 9.5 million tons.     

A review of China’s energy consumption structure and outlook based on a long-range energy alternatives modeling tool

China’s energy consumption experienced rapid growth over the past three decades, raising great concerns for the future adjustment of China’s energy consumption structure. This paper first presents the historical evidence on China’s energy consumption by the fuel types and sectors. Then, by establishing a bottom-up accounting framework and using long-range energy alternatives planning energy modeling tool, the future of China’s energy consumption structure under three scenarios is forecast. According to the estimates, China’s total energy consumption will increase from 3014 million tonnes oil equivalent (Mtoe) in 2015 to 4470 Mtoe in 2040 under the current policies scenario, 4040 Mtoe in 2040 under the moderate policies scenario and 3320 Mtoe in 2040 under the strong policies scenario, respectively, lower than those of the IEA’s estimations. In addition, the clean fuels (gas, nuclear and renewables) could be an effective alternative to the conventional fossil fuels (coal and oil) and offer much more potential. Furthermore, the industry sector has much strong reduction potentials than the other sectors. Finally, this paper suggests that the Chinese government should incorporate consideration of adjustment of the energy consumption structure into existing energy policies and measures in the future.     

China’s Energy Security Strategy for Sustainable Development

In recent years, soaring energy consumption is posing a huge potential threat to China’s energy security. China has rich coal resources, but most of the coal is mainly burned directly with low efficiency. Thus oil and gas plays a comparatively important role in national economic development. However domestic oil and gas cannot meet the need of economic development. To solve this problem, China would continue to import oil and gas from petroleum producing countries, especially from the Middle East. The dependence on oil import increases year after year and the sources of supply are concentrated in a few countries, which results in the insecurity of energy supply. Therefore, China should optimize its energy structure, improve energy efficiency, increase the geographic diversity of oil supply, build oil reserve bases, and develop new energies actively.     

Strategic Thinking on Developing Petroleum Substitutes in China

1. Introduction The continual growth of China’s economy indicates that the oil demand in China will maintain a strongly rising tendency in the future. Some experts predicted that by 2020, China would need 450 to 600 million tons of oil. However, based on the proven oil reserves, it is estimated that in the next 5 to 15 years, China’s oil production will be maintained at about 180 to 200 million tons. There are various ways to bridge the gap between supply and demand in the future, and a pr…     

China＇s Petroleum and Chemical Sector Prospers in 2003

Profits in China‘s petroleum and chemical industry increased by a record high of 43.6 per cent year-on-year in 2003, thanks to an oil pric eincrease and strong domestic demand, according to statistics from the China Petroleum and Chemical Industry Association.     

Progress in Coal Liquefaction Technologies

1. China’s energy status The proven recoverable reserve of coal in China ranks the third, while those of oil and gas rank the 11th and 19th, respectively in the world. Coal makes up a large percentage in China’s primary energy consumption. The percentage of coal consumption reduced from 76.2% in 1996 to 66.3% in 2002 as a result of the adjustment of energy structure, but the total coal consumption increased to 1.39 billion tons in 2002. Based on China’s energy status and economic developm…     

Petroleum Discoveries and Exploration Prospect in China＇s Major Petroliferous Basins

Up to now, there are 29 oil- and gas-bearing basins with recoverable oil and gas reserves in China. However, most of the reserves were mainly discovered in parts of the 29 basins, which played an important role in China＇s petroleum exploration and development. Based on the data statistics and analyses of reserves and resources, the current situation of oil and gas discoveries and the resources potential in these major basins are discussed in the paper. The so-called major oil- and gas-bearing basins here are the basins with cumulative recoverable oil （excluding condensate oil） reserves of more than 50 million tons or cumulative recoverable gas （excluding dissolved gas） reserves of more than 50 billion cubic meters.     

Analysis of the Multinational Strategy of Oil Companies

With the continuous and rapid development of the national economy,China‘s oil consumption embarks on a stage of fast growth. The gap between oil supply and demand will get wider, which has seriously limited the development of China‘s economy and society.In 2004, China became the second largest oilconsumption country in the world,