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Petroleum refining industry in China

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  • Walls, W.D.

Abstract

The oil refining industry in China has faced rapid growth in oil imports of increasingly sour grades of crude with which to satisfy growing domestic demand for a slate of lighter and cleaner finished products sold at subsidized prices. At the same time, the world petroleum refining industry has been moving from one that serves primarily local and regional markets to one that serves global markets for finished products, as world refining capacity utilization has increased. Globally, refined product markets are likely to experience continued globalization until refining investments significantly expand capacity in key demand regions. We survey the oil refining industry in China in the context of the world market for heterogeneous crude oils and growing world trade in refined petroleum products.

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Bibliographic Info

Article provided by Elsevier in its journal Energy Policy.

Volume (Year): 38 (2010)
Issue (Month): 5 (May)
Pages: 2110-2115

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Handle: RePEc:eee:enepol:v:38:y:2010:i:5:p:2110-2115

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Web page: http://www.elsevier.com/locate/enpol

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Keywords: China Petroleum refining;

References

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  1. Xingjun Zhao & Yanrui Wu, 2007. "Determinants of China’s Energy Imports: An Empirical Analysis," Economics Discussion / Working Papers 07-03, The University of Western Australia, Department of Economics.
  2. Wang, Haijiang, 1995. "China's oil policy and its impact," Energy Policy, Elsevier, vol. 23(7), pages 627-635, July.
  3. Chow, Larry Chuen-ho, 1991. "The rise and fall of Chinese oil production in the 1980s," Energy Policy, Elsevier, vol. 19(9), pages 869-878, November.
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  5. Adams, F. Gerard & Shachmurove, Yochanan, 2008. "Modeling and forecasting energy consumption in China: Implications for Chinese energy demand and imports in 2020," Energy Economics, Elsevier, vol. 30(3), pages 1263-1278, May.
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  7. Liu, Haiyan & Yu, Jianning & Xu, Jian & Fan, Yu & Bao, Xiaojun, 2007. "Identification of key oil refining technologies for China National Petroleum Co. (CNPC)," Energy Policy, Elsevier, vol. 35(4), pages 2635-2647, April.
  8. Christopher Taylor & Jeffrey Fischer, 2003. "A Review of West Coast Gasoline Pricing and the Impact of Regulations," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 10(2), pages 225-243.
  9. He, Kebin & Huo, Hong & Zhang, Qiang & He, Dongquan & An, Feng & Wang, Michael & Walsh, Michael P., 2005. "Oil consumption and CO2 emissions in China's road transport: current status, future trends, and policy implications," Energy Policy, Elsevier, vol. 33(12), pages 1499-1507, August.
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