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Refining Industry Outlook in China, 2013 - Capacity Analysis, Forecasts and Details of All Operating and Planned Refineries to 2017

Published By :

GlobalData

Published Date : Jan 2013

Category :

Refining

No. of Pages : 82 Pages


Refining Industry Outlook in China, 2013 Capacity Analysis, Forecasts and Details of All Operating and Planned Refineries to 2017

Summary

GlobalDatas energy offering, Refining Industry Outlook in China, 2013 Capacity Analysis, Forecasts and Details of All Operating and Planned Refineries to 2017 is the essential source for industry data and information relating to the refining industry in China. It provides asset level information relating to active and planned refineries in China. The deatils of major companies operating in the refining industry in China are included in the report. The latest news and deals relating to the sector are also provided and analyzed. 

This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalDatas team of industry experts.

Scope

  • Updated information relating to all active and planned refineries
  • Provides historical data from 2005 to 2012, forecast to 2017
  • Information on refining, FCC, hydrocracking and coking capacities by refinery and country
  • Provides operator information for all active and planned refineries
  • Identifies key trends and issues in the refining industry
  • Information on the top companies in the sector including business description and strategic analysis. Key companies covered are China Petroleum & Chemical Corporation, PetroChina Company Limited and CNOOC Limited 
  • Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
  • Key mergers and acquisitions, partnerships, private equity investments and IPOs.

Reasons to buy

  • Obtain the most up to date information available on the refining industry in China
  • Identify growth segments and opportunities in China's refining industry
  • Assess your competitors refining operations in China
  • Understand and respond to your competitors business structure, strategy and prospects in China's refining industry
  • Develop strategies based on the latest operational, financial, and regulatory events of the major refining companies in China from related latest deals and developments
  • Identify and analyze the strengths and weaknesses of the major refining companies in China.
Table of Contents

1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 5
1.2 List of Figures 6

2 Introduction 7
2.1 What is This Report About? 7
2.2 How to Use This Report? 7
2.3 Market Definition 7

3 China Refining Industry 8
3.1 China Refining Industry, Overview 8
3.1.1 China Refining Industry, Key Data 8
3.1.2 China Refining Industry, Total Refining Capacity by Company 8
3.2 China Refining Industry: Key Drivers and Issues 10
3.2.1 Chinas refining capacity is set to increase at an AAGR of 6.5% during 2012-2017 10
3.2.2 Huge oil consumption driving Chinas refining industry growth 10
3.2.3 China leads the CDU, FCC and Hydrocracking capacity additions in Asia-Pacific 10
3.3 China Refining Industry 11
3.3.1 Refining Industry in China, Crude Distillation Unit Capacity 11
3.3.2 Refining Industry in China, Coking Capacity 16
3.3.3 Refining Industry in China, Fluid Catalytic Cracking Capacity 19
3.3.4 Refining Industry in China, Hydrocracking Capacity 22
3.4 China Refining Industry, Planned Refineries 25
3.4.1 Refining Industry in China, Crude Distillation Unit Capacity, Planned Refineries 25

4 Profile of China Petroleum & Chemical Corporation 26
4.1 China Petroleum & Chemical Corporation, Key Information 26
4.2 China Petroleum & Chemical Corporation, Company Overview 26
4.3 China Petroleum & Chemical Corporation, Business Description 26
4.3.1 Business Overview 26
4.3.2 Chemicals 27
4.3.3 Exploration and Production 28
4.3.4 Marketing and Distribution 28
4.3.5 Others 29
4.3.6 Refining 29
4.4 China Petroleum & Chemical Corporation, SWOT Analysis 30
4.4.1 Overview 30
4.4.2 China Petroleum & Chemical Corporation Strengths 31
4.4.3 China Petroleum & Chemical Corporation Weaknesses 32
4.4.4 China Petroleum & Chemical Corporation Opportunities 32
4.4.5 China Petroleum & Chemical Corporation Threats 34

5 Profile of PetroChina Company Limited 35
5.1 PetroChina Company Limited, Key Information 35
5.2 PetroChina Company Limited, Company Overview 35
5.3 PetroChina Company Limited, Business Description 35
5.3.1 Business Overview 35
5.3.2 Exploration and Production 36
5.3.3 Marketing 37
5.3.4 Natural Gas and Pipeline 37
5.3.5 Refining and Chemicals 38
5.4 PetroChina Company Limited, SWOT Analysis 39
5.4.1 Overview 39
5.4.2 PetroChina Company Limited Strengths 39
5.4.3 PetroChina Company Limited Weaknesses 40
5.4.4 PetroChina Company Limited Opportunities 41
5.4.5 PetroChina Company Limited Threats 42

6 Profile of CNOOC Limited 44
6.1 CNOOC Limited, Key Information 44
6.2 CNOOC Limited, Company Overview 44
6.3 CNOOC Limited, Business Description 44
6.3.1 Business Overview 44
6.3.2 Independent Operations 45
6.3.3 Joint arrangements 46
6.3.4 Trading 46
6.4 CNOOC Limited, SWOT Analysis 47
6.4.1 Overview 47
6.4.2 CNOOC Limited Strengths 48
6.4.3 CNOOC Limited Weaknesses 49
6.4.4 CNOOC Limited Opportunities 49
6.4.5 CNOOC Limited Threats 50

7 Financial Deals Landscape 52
7.1 Detailed Deal Summary 52
7.1.1 Acquisition 52
7.1.2 Debt Offerings 54
7.1.3 Partnerships 68
7.1.4 Asset Transactions 69

8 Recent Developments 72
8.1 Strategy and Business Expansion 72
8.1.1 Nov 13, 2012: Saudi Aramco Announces Opening Of Aramco Asia Headquarters In Beijing 72
8.1.2 Oct 23, 2012: SDPC Expands Refining Capacity By 120,000bpd 72
8.1.3 Oct 16, 2012: Sinopec Undecided On Kuwait Petroleum Role In $9 Billion Zhanjiang Refinery In China 73
8.1.4 Mar 13, 2012: Total And KPC Sign MoU For Refining And Petrochemicals Project In China 73
8.2 Drilling and Production Updates 74
8.2.1 Mar 08, 2012: Sinochem Group To Commence Trial Production At 240,000bpd Quanzhou Refinery In June 2013 74
8.2.2 Jan 21, 2011: Sinopec Processes 13.2% More Crude In 2010 74
8.2.3 Sep 21, 2010: Sinopec Tahe Oilfield Acquires Five Million Metric Tons Oil Refining Capacity In Tahe, Xinjiang 74
8.3 Other Significant Developments 74
8.3.1 Jan 17, 2013: Guangdong Jieyang Petrochemical Refinery Project Successfully Commenced: China Automation Group 74
8.3.2 Nov 02, 2012: Chinese Refinery Capacity Expansion Suggests Global Potential: IEA 75
8.3.3 Oct 25, 2012: Sinopec's Subsidiary Wins Approval For Expansion Of Oil Refinery And Chemical Plant In Zhejiang Province, East China 76
8.3.4 Oct 24, 2012: Sinopec Restarts 100,000bpd Zhanjiang Dongxing Refinery In China 76
8.3.5 Sep 27, 2012: Sinopec Group To Close Three Facilities For Environmental Checks 76
8.3.6 Aug 26, 2012: Sinochem Receives Approval From NDRC For 240,000bpd Oil Refinery In Quanzhou 77
8.3.7 Aug 08, 2012: Sinopec Completes Integration Of Lubricant Sales Business 77
8.3.8 Aug 02, 2012: CNPC Hohhot Petrochemical's 5 Mt/a Expansion/upgrading Project Ready For Trial Operation 77
8.3.9 May 03, 2012: Fujian Refining And Ethylene Project Passes State Acceptance Check: Sinopec 77
8.3.10 Feb 04, 2012: China Outlines Five-year Plan For Petrochem And Refining Industries 78
8.3.11 Jan 05, 2012: Sinopec To Shut Tianjin Refinery And Petrochemical Complex For Maintenance 78
8.3.12 Jan 05, 2012: PetroChina To Shut 80,000bpd Crude Distillation Unit At Jinzhou Refinery For Maintenance 78
8.3.13 Jan 05, 2012: Sinopecs Beihai Refinery Runs With Full Capacity 79
8.4 New Contracts Announcements 79
8.4.1 Jan 04, 2012: PMFG Secures Three New Project Awards Totaling $11m 79

9 Appendix 80
9.1 Abbreviations 80
9.2 Methodology 80
9.2.1 Coverage 80
9.2.2 Secondary Research 81
9.2.3 Primary Research 81
9.3 Contact Us 82
9.4 Disclaimer 82

List of Table


Table 1: China, Refinery Key Statistics, 2012 8
Table 2: China, Refining Capacity by Company (MMTPA), 2005-2017 8
Table 3: China, Crude Distillation Unit Capacity (MMTPA), 2005-2017 11
Table 4: China, Crude Distillation Unit Capacity (MMTPA), 2005-2017 (Contd.1) 12
Table 5: China, Crude Distillation Unit Capacity (MMTPA), 2005-2017 (Contd.2) 13
Table 6: China, Crude Distillation Unit Capacity (MMTPA), 2005-2017 (Contd.3) 14
Table 7: China, Crude Distillation Unit Capacity (MMTPA), 2005-2017 (Contd.4) 15
Table 8: China, Coking Unit Capacity (MMTPA), 2005-2017 16
Table 9: China, Coking Unit Capacity (MMTPA), 2005-2017 (Contd.1) 17
Table 10: China, Coking Unit Capacity (MMTPA), 2005-2017 (Contd.2) 18
Table 11: China, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2005-2017 19
Table 12: China, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2005-2017 (Contd.1) 20
Table 13: China, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2005-2017 (Contd.2) 21
Table 14: China, Hydrocracking Unit Capacity (MMTPA), 2005-2017 22
Table 15: China, Hydrocracking Unit Capacity (MMTPA), 2005-2017 (Contd.1) 23
Table 16: China, Hydrocracking Unit Capacity (MMTPA), 2005-2017 (Contd.2) 24
Table 17: China, Planned Crude Distillation Unit Capacity (MMTPA), 2013-2017 25
Table 18: China Petroleum & Chemical Corporation, Key Facts 26
Table 19: China Petroleum & Chemical Corporation, SWOT Analysis 30
Table 20: PetroChina Company Limited, Key Facts 35
Table 21: PetroChina Company Limited, SWOT Analysis 39
Table 22: CNOOC Limited, Key Facts 44
Table 23: CNOOC Limited, SWOT Analysis 47
Table 24: Shandong Hi-Tech Chemical Group Completes Acquisition Of Remaining 26% Stake In Shandong Hi-Tech Ruilin Chemical From Shandong Jindayuan Group For $19.1 Million 52
Table 25: Shandong Hi-Tech Chemical Group Completes Acquisition Of Additional 25% Stake In Shandong Hi-Tech Ruilin Chemical From Xindu Group For $18 Million 53
Table 26: ChemChina Plans Public Offering Of Notes Due 2022 For $394.6 Million 54
Table 27: China National Petroleum Announces Public Offering Of Notes Due 2016 For $3.2 Billion 55
Table 28: Sinopec Plans Public Offering Of Bonds Due 2017 For $1 Billion 56
Table 29: Sinopec Plans Public Offering Of Bonds Due 2022 For $1 Billion 57
Table 30: Sinopec Plans Public Offering Of Bonds Due 2042 For $1 Billion 58
Table 31: PetroChina Plans Public Offering Of Bonds Due 2022 For $3.16 Billion 59
Table 32: Sinochem Completes Public Offering Of 4.92% Notes Due 2017 For $474 Million 60
Table 33: Sinochem Completes Public Offering Of 4.46% Bonds Due 2013 For $474 Million 61
Table 34: China National Petroleum Announces Public Offering Of Bonds Due 2019 For $1.6 Billion 62
Table 35: China National Petroleum Announces Public Offering Of Bonds Due 2022 For $1.6 Billion 63
Table 36: China National Petroleum Completes Public Offering Of 2.55% Bonds Due 2013 For $393 Million 64
Table 37: China National Petroleum Completes Public Offering Of 2.95% Bonds Due 2014 for $78.4 Million 65
Table 38: China National Petroleum Plans Public Offering Of Notes Due 2014 For $1,564 Million 66
Table 39: Sinopec Plans Public Offering Of Bonds For $3,122.3 Million 67
Table 40: Sinopec Plans Public Offering Of 3% Convertible Bonds Due 2017 For $4.68 Billion 67
Table 41: CNPC, Shell And Qatar Petroleum To Form Joint Venture In China 68
Table 42: Total To Acquire Minority Stake In Zhanjiang Petrochemical Project In China From Kuwait Petroleum 69
Table 43: Kuwait Petroleum Plans To Acquire 20% Interest In Joint Venture Project In China From Sinopec 71

List of Chart


Figure 1: China, Company Wise Share Vis--vis Growth in Refining Capacity, 2007-2012 9

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