January 2002

Trends and Resources

HP Impact: China’s supply/demand forecast for HPI products

Projections from China Petrochemical Consulting Corp. show that even with maximum crude oil output, the shortage in China's oil supply will be about 0.09 billion tons (Bton) in 2005. T..

Weirauch, Wendy, Hydrocarbon Processing Staff

Projections from China Petrochemical Consulting Corp. show that even with maximum crude oil output, the shortage in China's oil supply will be about 0.09 billion tons (Bton) in 2005. The figure jumps to between 0.19 and 0.21 Bton by 2015 (Table 1). SINOPEC and CNPC are the two major players in China's oil production. Over 90% crude oil distillation capacity of the country is under the jurisdiction of these two giants. They also produce over 90% of the country's total refined petroleum products. According to data published in a recent issue of China Petroleum Processing and Petrochemical Technology, in 2000, SINOPEC an

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