[MLT] Refining Industry Outlook in China, 2012 - Capacity Analysis, Forecasts and Details of All Operating and Planned Refineries to 2016
- Published: February 2012
- Region: China
China has an insatiable appetite for energy. In only 10 years, the country has changed from a petroleum exporter into the second-largest oil consumer in the world. In 2004, it consumed about 314 million tonnes of oil, a 14.2% increase year on year. China's oil consumption is expected to further increase to 320 million tonnes in 2005, with crude oil imports exceeding 140 million tonnes. If the country is to modernize further, its demand for oil and other energy resources will continue to grow significantly. Government officials are acutely aware that expanding China's energy resource base is critical to the future security of the country and are concerned over the adequacy of existing reserves and the safety of supply routes....
Companies mentioned in this report are: Unocal Corp.,China (People's Republic of ),Shell Petroleum Co. Ltd.,CNOOC Ltd.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
SHOW LESS READ MORE >
Unocal Corp.,China (People's Republic of ),Shell Petroleum Co. Ltd.,CNOOC Ltd.