chinas oil refining capacity is surplus by 100 million tons
China’s oil refining capacity is surplus by 100 million
China ‘s oil refining capacity is surplus of over 100 million tons. Refineries need to be upgraded from fuel to chemical sodium selenite. At present, China’s oil refining industry overcapacity problems, some production capacity is facing exit or transition options.
China’s oil refining capacity is expected to reach a surplus of 140 million tons in 2015, and increase to 190 million tons in 2024. The refining capacity is also expected to overtake the growth of oil product consumption in the country during the same period.
Surplus oil refining capacity to rise, says CNPC unit
China's surplus oil refining capacity will increase by 120 million metric tons this year as more private refinery projects commence operations, a leading industry body said.
China’s oil refining sector will soon have to combat the potential problem of overcapacity by constructing new refineries and promoting the elimination of outdated ones. The oil refining capacity is expected to reach a surplus of 140 million tons in 2015, and go up to 190 million tons in 2024, surpassing the growth of oil product consumption.
China: oil refinery capacity 2024 Statista
This statistic shows the oil refinery capacity in China in selected years from 1970 to 2024. In 1970, the refinery capacity in China came to around 554 thousand barrels per day. By 2024, China's
A total of 1.4 million bpd of new refinery capacity is planned to open in China by the end of 2024, which, combined with pipeline infrastructure expansion, will likely further raise Chinese oil
List of oil refineries
This is a list of oil refineries.The Oil & Gas Journal also publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. For some countries, the refinery list is further categorized state-by-state
China, which has struggled in recent years to keep up with booming domestic demand for oil products, may soon have a major excess in refining capacity. In 2009, the country had refining capacity
Petroleum industry in China
A big role is played in China's oil endowment by its state owned oil companies, mainly China National Offshore Oil Corporation, China National Petroleum Corporation, China National Refinery Corp, and Sinopec. Province started producing in 1960, and by 1963 was producing nearly 2.3 million tons of oil.
Some of China's top oil refineries are having to take the highly unusual step of cutting operations during what is typically the peak demand summer season when hot
Refining surplus a looming problem: Sinopec China
He said there are about 100 small-sized oil refineries with an annual capacity of less than 2 million tons in some parts of China. With their relatively low competitiveness, they are adding to the
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China’s Energy Transition and International Energy Forum
Net increase of 18 million tons Refining capacity reached 770 million tons Net increase of 22 million tons Refining capacity reached 830 million tons 64800 19000 70.7% China oil demand, supply and foreign dependence ratio (10 thousand tons) 0 1000 2000 3000 4000 5000 6000 7000 Oil imports by major countries (10 thousand tons) Imports in 2000 Imports in 2024 13 Importing country in 2000 New
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China's oil refining capacity ranks 2nd in the world
China's refining capacity of crude oil reached 477 million tons by the end of last year, ranking the second in the world, Securities News reported Wednesday. China National Petroleum Corp
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China steel, refining capacity rises as supply-side
Refiners in Shandong expected that about one third of the 50 independent refineries with capacity ranging from 2 million-7.5 million mt/year would be weeded out. Shandong is to 70% of China’s independent refineries, which account for about 25% of China’s total refining capacity.
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Intellasia East Asia News Asia to have deficit oil
China will add 900,000 b/d of new refining capacity in 2024 and is expected to have 1.82 million b/d of new capacity in five years, S&P Global Platts data showed. However, China’s domestic demand growth slowed so far this year, leading to an increase in exports. China’s net oil product export volume rose 17.9 percent year-on-year to 21.59
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China’s quest for balance
the 50 independent refineries with capacity ranging from 2 million-7.5 million mt/year would be weeded out. Shandong is to 70% of China’s independent refineries, which account for about 25% of China’s total refining capacity. New refining and petrochemical complexes provide stable outlets for high-value-added products as many
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Intellasia East Asia News Asia to have deficit oil
China will add 900,000 b/d of new refining capacity in 2024 and is expected to have 1.82 million b/d of new capacity in five years, S&P Global Platts data showed. However, China’s domestic demand growth slowed so far this year, leading to an increase in exports. China’s net oil product export volume rose 17.9 percent year-on-year to 21.59
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China’s quest for balance
the 50 independent refineries with capacity ranging from 2 million-7.5 million mt/year would be weeded out. Shandong is to 70% of China’s independent refineries, which account for about 25% of China’s total refining capacity. New refining and petrochemical complexes provide stable outlets for high-value-added products as many
Get PriceReview and Prospect of China's Energy and Petrochemical
Refining Capacity Production of Crude Oil Million tons Million tons per year 93 826 + 8 Times 104 192 + 1 Time 23.2 0.51 + 45 Times Million tons per year 149.2 Billion cubic metres + 10 Times 13.8 1993 Netimporterof crudeoil 1978 Openingof offshore Oil and Gas 2000 10 million -ton a year refinery plants 2005 Joint Venture Project of Refining and Chemical Industry Integration 2006 megaton
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China's Refining Sector Gets a Reality Check Forbes
By the end of 2013, China’s refining capacity rose to a massive 12.7 million barrels per day (bpd); with a rise of 890,000 bpd over 2012, according to FGE. On a visit to this month, I
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China steel, refining capacity rises S&P Global
Refiners in Shandong expected that about one third of the 50 independent refineries with capacity ranging from 2 million-7.5 million mt/year would be weeded out. Shandong is to 70% of China’s independent refineries, which account for about 25% of China’s total refining capacity.
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China’s Oil Refiners Are Coming for Your Market Share
China’s Oil Refiners Are Coming for Your Market Share Like steel and aluminum before, Chinese oil refining overcapacity is spilling into global markets and depressing profits
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Oil refining capacity to rise 50% in five years
China’s oil-refining capacity is expected to rise by 50% in the next five years to 750 million tons of crude oil, but overcapacity concerns should not be an issue considering the potential domestic demand, industry analysts said. China will be able to refine 500 million tons of crude oil
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China to build Asia’s largest oil refinery in Pakistan
China to build Asia’s largest oil refinery in Pakistan Discussion in ' KPK is one of the crude producing areas of Pakistan. 100 K bpd/5-million ton a year is small refinery by today’s standards. However, since a pipeline to pump crude all way the up from Keamari or Port Qasim would probably cost as much as the refinery, one would presume that size of the refinery was dictated by
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Petroleum industry in China
A big role is played in China's oil endowment by its state owned oil companies, mainly China National Offshore Oil Corporation, China National Petroleum Corporation, China National Refinery Corp, and Sinopec.. Province started producing in 1960, and by 1963 was producing nearly 2.3 million tons of oil. Production from Daqing declined, but in 1965, oil fields in Shengli, Shandong, Dagang, and
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China Oil Refinery, Oil Refinery Manufacturers, Suppliers
China Oil Refinery manufacturers Select 2024 high quality Oil Refinery products in best price from certified Chinese Oil Pump manufacturers, Oil Equipment suppliers, wholesalers and factory on Made-in-China
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1.33% 2.70% cnpc.cn
The annual global refining capacity increased to 4.63 billion tons, an increase of 61.25 million tons year-on-year, resulting in an overall overcapacity. On the whole, oil refineries worldwide operated smoothly, registering a record high daily crude run of 77.30 million barrels, up 2% year-on-year. The average utilization rate of refineries was
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Tycoons Reveal Extent of Refinery’s China Links The
First, both the CPC and the Mines and Energy Ministry touted the refinery’s ability to supply domestic demand, estimated by the ministry to be 1.8 million tons of fuel in 2015. The first phase of the project is projected to refine 2 million tons annually after its completion in 2024.
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China’s Record Oil Hoarding Seen Keeping Crude Above
China’s refining capacity is forecast to rise 6.5 percent to 40.6 million tons this year, CNPC said in the January report. That’s about 13.4 million barrels a day. The country imported 6.17
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China’s oil imports surge to record high — RT Business News
It was, however, substantially higher than the 7.26 million tons independent Chinese refiners imported in September. Last month, Beijing announced it will raise by 42 percent the oil import quota for its non-state refiners—most of which are the independent refiners—for 2024 as new refinery capacity is planned to enter into operation next
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Global refinery capacity for crude oil 2024 Statista
This statistic shows the global refinery capacity for crude oil from the year 1970 to 2024, measured in thousand barrels per day. In 2024, the world's oil refinery capacity was around 100 million
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SOCAR’s $6 bln oil refinery in Turkey to start up in third
Turkey produces a surplus of gasoline but relies on imports of diesel, with consumption of the fuel growing by about 7 percent a year and expected to reach 25 million tons in 2024. Tüpraş, Turkey’s only refining firm, has four plants across the country with combined processing capacity of 28 million tons (560,000 bpd). oil refinery, Azerbaijan,
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Surplus oil refining capacity to rise, says CNPC unit
China's surplus oil refining capacity will increase by 120 million metric tons this year as more private refinery projects commence operations, a l...
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Oil refining
The Company also owns a 49% stake in one of India's largest high-tech refineries, Vadinar, which has a capacity of 20 million tons of crude oil per year. Refining volumes at German refineries in 2024 amounted to 11.5 million tons. Refining of Mozyr Oil Refinery's crude oil share of Rosneft in 2024 was 2.1 million tons.
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Zhejiang free trade zone hosts major oil and gas
It also plans to achieve three 100-million-ton targets — in reserve capacity, refining capacity and trading capacity — according to Han, who is also the deputy director of the free trade zone. “There are many uncertainties in the global environment, which have brought many challenges and opportunities to the oil and gas market,” Alexander Sanna, chief executive officer of Glencore’s
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China’s Refining Industry in 2024-Chemical information
By the end of 2024, China's refining capacity reached 831 million t/a (Figure 1), a net increase of 22.25 million t/a from 2024. Among them, the newly added capacity was 33.9 million t/a, and the private enterprise has completed the construction of its first 20 million tons’ world-class refinery and 11.65 million t/a of backward capacity were eliminated
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