July 2007

Trends and Resources

HP Impact: HPImpact: China's energy demand races upward during 10th Five-Year Plan

During China's 10th Five-Year Plan (2001-2005), the country's output for crude oil and refined products maintained a yearly increase. A recent study by FACTS Global Energy reviews key growth rates. Co..

Weirauch, Wendy, Hydrocarbon Processing Staff

During China's 10th Five-Year Plan (2001-2005), the country's output for crude oil and refined products maintained a yearly increase. A recent study by FACTS Global Energy reviews key growth rates. Comparing 2005 with 2000, production increases were: Crude oil, 11.2% Gasoline, 30.1% Kerosine, 13.6% Diesel, 56.7% Fuel oil, 10.4%. China's refining capacity of crude oil increased by 38.1%, from 4.20 million barrels/day (MMbpd) in 2000 to 5.80 MMbpd in 2005. Imports for crude oil increased and exports decreased during the period. Comparing 2005 with 2000, China's net imports of crude oil increased by 98.5%, and import dependency of crude oil increased

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