Published on : Oct 03, 2016
ALBANY, New York, Oct 03, 2016: ResearchMoz.us has announced the addition of a new research report, titled “China Crude Oil Refinery Outlook to 2021,” in its offerings. The report presents in-depth analysis of the crude oil refinery industry in China. It provides details regarding oil refineries such as name, type, operators, and operational status along with capacity data for the major processing units. Data for all planned and active refineries in China till 2021 form an important part of the report.
In the first section of the report, the authors give an overview of the crude oil refineries in China through important definitions and providing historic statistics and expected future data pertaining to consumption, production, and imports and exports. Further, the report presents a comprehensive evaluation of the China energy sector. It provides a holistic perspective of the supply and demand balance and regulatory structures. It offers a 360-degree view of the Chinese refining industry by talking about key data, total refining capacity, crude distillation unit capacity, condensate splitter capacity, coking capacity, fluid catalytic cracking capacity, hydrocracking capacity, asset details, active asset details, and planned asset details.
The robust growth of the petroleum industry in China can be witnessed from the fact that currently, China is the fourth largest oil producer in the world, surpassing the United States in 2015. Over the past few years, the refining capacity of China has increased drastically. Figures indicate that by 2015, China’s refining capacity increased to nearly 14.3 million barrels per day. As per monthly analysis mentioned in the report, China recoded 4% increase in oil demand in January–February 2015 and 3.3% increase in crude refining in June 2015.
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With the rising need to process large amounts of crude oil, the refinery capacity is likely to increase in the near future. Earlier in 2016, the oil refining sector of China was suffering from overcapacity due to increased production and a drop in truck transport. This forced a structural shift towards Chinese diesel sales into international markets, causing a dent in returns for refineries from the Middle East. Currently, China is the largest importer of crude oil across the globe and also has one of the world's largest strategic oil reserves.
In the next section, the report offers insights into recent contracts along with their detailed summary and a list of awarded contracts in the Chinese crude oil refineries. In the final section, it provides a detailed description of the recent developments and financial deals landscape including partnerships, acquisitions, and deal offerings. In June 2015, ChemChina and Rosneft entered into a partnership in the area of supplies, refining, and mutual investments.
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