Review on the Trend for Development of World＇s Petroleum Refining Industry

This article introduces the situation related with the increasingly deteriorating crude quality, the demand for cleaner transportation fuels and clean production processes that the world＇s petroleum refining industry is faced with. This article also suggests that the trend for future development of global refining industry is focused on the economy of scale for the refineries and the oil processing units, the refining structure readjustment, integration of the oil refining and chemical production and formation of oil refining bases. The oil refining industry will uninterruptedly rectify its industry allocation and processing unit configuration and strive for the reduction of production cost through technical progress and management innovations to reduce the production cost, boost the profitability and sharpen the market competitive edge.

Review on the Trend for Development of World''''s Petroleum Refining Industry

This article introduces the situation related with the increasingly deteriorating crude quality,the demand for cleaner transportation fuels and clean production processes that the world's petroleum refining industry is faced with.This article also suggests that the trend for future development of global refining industry is focused on the economy of scale for the refineries and the oil processing units,the refining structure readjustment,integration of the oil refining and chemical production and formation of Oil refining bases.The oil refining industry will uninterruptedly rectify its industry allocation and processing unit configuration and strive for the reduction of production cost through technical progress and management innovations to reduce the production cost,boost the profitability and sharpen the market competitive edge.