Review and Prospect of China's Oil Refining Industry

(to Issue No.1) Prospect of China’s oil refining industry during the"12th Five-Year Plan"period The"12th Five-Year Plan"period is critical to China oil refining industry to transform growth mode and grow from big to strong.China oil refining industry will base itself on domestic market demand and maintain rapider development through construction and reconstruction.The total scale will continue to grow,crude runs and product oil output will rise steadily,and the structure and layout of refining units will be further adjusted and optimized. During the period,the number of 10-million-tonnage refineries will rise to about 30,the quality of oil products will be upgraded,overseas interest capability will be improved,and the diversified market competition pattern of oil refining industry will be developed further.