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(DOC) China_8

By Anita Holmes,2014-07-22 02:51
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China_8

    China

Viththeboon’ringofChinasautomarket,the

    ;.efiningiudustryisfhllingoveritselrtOboost ;~cityinthecoastalregions

    ;inochemCorporationisthelatestOUt0rthe ;tiugblocksItsnewoilretiningprojectin ;lleasternFujiallProvincewil1seeitmoveinto ;Inryalreadyoccupiedbythenation’Sbig—three

    ;:(1111panicsChinaNaltonalPetrochemicaI ;poration(Sinopec).China’slargestoilrefiner,

    ;aaNationalPetroleumCorporation(CNPC), ;largestcrudeproducerinthecountry.and ;naNational01’fshoreOiICorporation

    ;OOC).thegiantoffshoreoilplayer ;oeatednearSiuopec?ExxonMobilejoiut ;eftningandethyleneprqiect,theSinnchem ;cot.wchwillbecompletedIn2010.wiI1 ;iallyhaveanannualrefiningcapacityof ;mIlIiontonsofheavyoiI.SinopecPIans ;~xpaodtilt:a11i1ua1capacityoritsIhree

    ;refineriesin(juangzhou.Maomingand ;njiangcitiesofGuangdongProvincefrom ;current262miIliotatonsto36nrilHontons ;1010AiointI5-nlil?Ol1tonSinopecKuwaiti

    ;cotwillalsocome0nstreamby2010 ;naddition.SinopecisaISOinvols’ediua

    ;leerwithCNPCinSouthChina’sGUallgxi

    ;tangAutlmomousRegion.Thetwogiants ;cagreedtoiointlyiuvestinaproject0f1 ;ningo?producedbvCNPCjnSudau

    ;tobeleftout.CNOOCbeganbuildinga ;lily.ownedoilrefineryiaHuizhouCityot’

    ;mgdonglastDecemberThe12milliontoll

    ;ectwillgointoproductionin2008. ;‘he10-Illi1Ii011tOilrefiningprojectol’

    ;‘oChinaGuangxiPetrochemicaICompany ;startedinQinzhouCity.GuangxiZhuaog ;AutonomousRegiononDecember30,2006 ;Aboutl53billiouyuaniutollwasinvestedin

    ;tileprojectanditsrefiningcapacityreachedten

    ;milliontonsperyear’Thisprqiectwillbeputinto

    ;operationintwoyearstocomeItmainlyco~,,crs

    ;tenselsofproductiondevicesaswellassortie ;supportingfacilitiesincludingpublicw,orks ;specialrailways.docks.anddocksreservoir ;regions,etc.

    ;1rtheptoiectisputintooperation,6900 ;thousandtoilsoflightoilincludinggasolinea11d ;diese1.etc.andpetrochemicalproductsincluding ;LPGandpolypropylene.etc.wi11besupplied1:o ;thesouthwestChinamarketThisprojectistile ;biggestindustrialprojectofGuangxiZhuang ;AutonomousRegion.PetroChinallosestablished ;aconstructiongroupfortheprojectasearly ;asinMay2005andfinallybuiltitinQinzhou ;economicdevelopmentregionwellknownasthc ;natura【】rarborol’BeibuBayinChina.

    ;Analystsexpectthniterexpansionol’China’s

    ;oilrefiningcapacityoncetherelinedoilprodttcl ;marketistullyopenedattheendoftheyear ;China’scoastalarea.1ocatednearthenalion’smost

    ;economicallyprosperousregionandboasting ;goodtranspo1’tationinlYastructure,Isaprime

    ;locationforoilgiants.Withtileflourishingof

;automarketinthecountry.China’sconsumption

    ;ofgasolineisexpectedtoreach51to52million

    ;Ionsthisyearandriseto65miIliontonsin2010.

    ;accordingtoestimates

    ;Sharplyrisingdemandforoilproducts

    ;Despitealltheprojeetscurrentlyinoperation

    ;CHINAOILsGAS,NO4200611

    ;

    ;

    ;orunderconstruction,itwillbehardtomatchtheanddieselconsumptionwillreach190million

    ;paceofChina’ssharplyrisingdemandforrefinedtonsand260milliontonsby2

    010and2020on

    ;oilproducts.theconditionthatalltheoil.savingmeasures ;Aroundtheworld.muchoilrefiningareunderimplementation.Theconsumptionby

    ;equipmentisworkingtocapacity,andChinahasautoswillexceed60percentofthetotalgasoline,

    ;becomeaveryattractiveregioninwhichtoinvestkeroseneanddieselconsumptionby2020when

    ;inoilrefining,accordingtoindustrialinsiders.theproportionofthegasoline,keroseneand

    ;InEuropeandAmerica,strictenvironmentaldieselconsumptioninthetransportationsectorto

    ;requirementsmakeitharderforcompaniestothetotalwillriseto84percent.

    richMiddle ;setupnewplants.Theresource

    ;EastcouldbearivaltoChina,buttheunstable0ilproductspipelineputintooperation

    ;politicalsituationtherehasdilutedtheregion’sjnSouthChina

    ;attractivenessininvestors’eyes.AccordingtotheBasedontheinformationmadeavailable

    ;NationalDevelopmentandRefo?1TI1CommissionfromSinopecSouthwestMarketingCompany,

    ;(NDRC).Chinawilladdover90milliontonsthePearlRiverDeltaoilproductspipelinewas

    ;ofannualoilrefiningcapacityby20l0andformallyputintooperationinDecember2006,

    ;eliminatesome20milliontonsoflow?efficientwhichwillplayanimportantroleinsecuring

    ;capacity.themarketsupplyofoilproductsinGuangdong

    ;ThetransportationsectoristhelargestProvince,thePearlRiverDeltaregionin ;consumerofoil.Thedemandfromthissectorparticular.Withaninvestmentofmorethanthree

    ;isthemainfactorcausingtherapidgrowthinbillionyuan,the1143-kilometerp

ipelinestarts

    ;China’soilconsumptioninthepastdecade.fromZhanjiangintheeastandendsatDayaBay

    ;TheconsumptioninthetransportationsectorinHuizhouCityinthewest,runningthroughl1

    ;accountedfor96percentofthetotalgasolinecitiesandprefecturesinGuangdongProvince.

    ;consumptionand60percentofthetota1TheprojectwaskickedoffinJune2004.Itis

    ;dieselconsumptionin2005.Ofthat.theautodesignedtohaveallannualtransmissioncapacity

    ;consumptionaccountedfor46percentoftheof12milliontonsandadoptthesingle.1ine

    ;dieselconsumption.Therefore,itisthemostclosedsequentia1oil.transmissionprocessfor

    ;importantobjectiveforoilreplacementtosarisfydieselandgasoline. ;thedemandforautofuels.Asthenation’seconomicallydeveloped

    ;China’sautomarketenteredtherapidgrowthregion,GuangdongProvinceranksfirstfor

    ;stagein2002and2003followingthe1994-1998itsoilproductsconsumptioninChina,butthe

    ;slowgrowthperiodandthe1999-2001stableconsumptioninthePearlRiverD

eltaregion

    ;growthperiod.Chinahasbecomethefourthaccountsfor70percentofthetota1inthe

    ;largestautoproducerintheworldaftertheprovince.Transportationofoilproductsinthe

    ;UnitedStates,JapanandGermanyandthethirdcoastalregiondependsmainlyonshipment.

    ;1argestautoconsumeronlyaftertheUnitedStatesHowever,thereareanumberofrestricting

    ;andJapansince2003.Chinaproduced5.700factorsonthetransportation,suchasweather,

    ;millionautosin2005withtheautosinpossessionwharvesandtransportationcapacity,affecting

    ;totaling33million.theefficiencyforflowingoftheresources ;Itisexpectedthatthecarsper1000peopleandtheoptimizationofallocatingoilproducts

    ;willreachabout46and75respectivelyby2010resources.Operationofthispipelinenotonly

    ;and2020whentheautosinpossessionwillreacheliminatesthosebottlenecksbutalsopromotes

    ;63.6millionand111millionseparately.BasedtheeconomicdevelopmentofSinopecenterprises

    ;onthecurrentoil-consumptionbyautoinChinaandthelocalities.Thepipelineconnectsa

    ;andwithconsiderationoftheprogressmadeinnumberofSinopec’srefineries.suchasMaoming

    savingtechnology,theoil-savingratePetrochemicalPlant,Guangz;energy

    houPetrochemical

    ;willreach10percentand25percentby2010andPlant,ZhanjiangDongxingRefineryanditsoil

    ;2020respectively.refinin~entemrisesinHainan.

    ;ItjsedictethatChina,sgasoline,kerosene?

    ;12CHINAOIL&GAS/NO.42006

    ;

    ;

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