China's Oil Industry and Market (eBook)
427 Seiten
Elsevier Science (Verlag)
978-0-08-052911-0 (ISBN)
The author analyzes the Chinese oil market and the rising pressure on Beijing to reform policies which constrain China's ability to meet soaring demand and to pay for crucial imports at a time of growing political and economic uncertainties. Dr Wang acknowledges the importance of China meeting its growing domestic oil demand, if at all possible, through national production. The sheer weight of China's population, and its burgeoning requirements as industrialization spreads into most regions, dwarfs the needs of others and places unprecedented strain on international oil trades.
The author stresses the fact that the outcome is hard to define, yet the time required to tackle the nation's energy needs is not limitless. Moreover, he reminds the reader of the perennial difficulty in meeting widely disparate economic and energy needs in different regions of the vast country.
This authoritative book on China's oil demand and government policies and practices rests on two essential foundations: first and foremost on the author's considerable knowledge of China's oil situation and prospects, together with his access to Chinese energy literature and data; and secondly, on that insight afforded to him and, therefore, his readers from his fluency in Chinese.The author analyzes the Chinese oil market and the rising pressure on Beijing to reform policies which constrain China's ability to meet soaring demand and to pay for crucial imports at a time of growing political and economic uncertainties. Dr Wang acknowledges the importance of China meeting its growing domestic oil demand, if at all possible, through national production. The sheer weight of China's population, and its burgeoning requirements as industrialization spreads into most regions, dwarfs the needs of others and places unprecedented strain on international oil trades.The author stresses the fact that the outcome is hard to define, yet the time required to tackle the nation's energy needs is not limitless. Moreover, he reminds the reader of the perennial difficulty in meeting widely disparate economic and energy needs in different regions of the vast country.
Front Cover 1
China's Oil Industry & Market
Copyright Page 5
Contents 14
Foreword 7
Preface 8
Acronyms and Initials 12
Conversion Factors 13
Table of Tables 19
Table of Figures 24
Chapter 1. Economic and Political Outlook 26
1.1 Economic Performance: Overview and Outlook 26
1.2 Political Outlook 46
1.3 Conclusion 72
Chapter 2. Oil Policy and its Impact 74
2.1 Oil Industry Reforms 76
2.2 Oil Pricing 81
2.3 Oil Distribution Policy 86
2.4 Oil Import Policy 89
2.5 Conclusion 98
Chapter 3. Crude Oil Production 100
3.1 Crude Production Levels, Onshore and Offshore 101
3.2 Tarim Basin Exploration and Development 122
3.3 Projected Crude Production 127
3.4 Conclusion 140
Chapter 4. Refining Industry: Policy and Industry Prospects 142
4.1 Crude Distillation and Conversion Capacity 143
4.2 Overview of Refining Capacity Plans and Assessment of Actual Changes 152
4.3 Refinery Yields and Output 165
4.4 Oil Transportation 175
4.5 Refining Policy 177
4.6 Conclusion 185
Chapter 5. Petroleum Product Demand 188
5.1 Oil in Total Energy Consumption 190
5.2 Gasoline 193
5.3 Diesel Oil 206
5.4 Fuel Oil 212
5.5 Other Refined Products 219
5.6 Crude Direct Burn 222
5.7 Total Petroleum Product Demand 224
5.8 Conclusion 235
Chapter 6. Oil Quality and its Environmental Impact 238
6.1 Crude Quality 238
6.2 Environmental Impact 244
Chapter 7. Supply/Demand Balance: Implications for Trade 252
7.1 Crude Oil Balance 253
7.2 Petroleum Product Balance 265
7.3 Can China Afford Import Expenses? 283
7.4 Regional Oil Balance 286
7.5 Conclusion 291
Chapter 8. China's Impact on the Asian Market 292
8.1 Impact of Crude Imports on Regional Trade Flows and Crude Prices 294
8.2 Impact of Product Fundamentals on Regional Supply/ Demand Balances 299
8.3 Impact of Product/Crude Spreads 308
8.4 Conclusion 315
Chapter 9. Conclusion 316
Appendix 1. Institutional Framework — Who's Who in the Oil Industry 320
Appendix 2. Methodology of Demand Forecasts 324
I. Data 324
II. Gasoline Demand Forecast 325
III. Diesel Oil Demand Forecast 329
IV. Fuel Oil Demand Forecast 330
V. Jet Fuel Oil Demand Forecast 334
VI. Total Petroleum Product Demand Forecast 335
VII. Assumptions 336
References 336
Appendix 3. Statistics 338
Appendix 4. Oil Regulations and Official Contracts 388
I. Regulations of the People's Republic of China Concerning the Exploitation of Onshore Petroleum Resources in Cooperation with Foreign Enterprises 388
II. Regulations of the People's Republic of China on the Exploitation of Offshore Petroleum Resources in Cooperation with Foreign Enterprises. 395
III. CNPC's Contract Terms for 3rd Onshore Bidding Round 402
Appendix 5. Addresses, Phone Numbers, and Fax Numbers of Oil Companies 408
Bibliography and References 416
About the Author 420
Index 422
| Erscheint lt. Verlag | 9.8.1999 |
|---|---|
| Sprache | englisch |
| Themenwelt | Naturwissenschaften ► Physik / Astronomie |
| Technik ► Elektrotechnik / Energietechnik | |
| Wirtschaft ► Volkswirtschaftslehre | |
| ISBN-10 | 0-08-052911-9 / 0080529119 |
| ISBN-13 | 978-0-08-052911-0 / 9780080529110 |
| Haben Sie eine Frage zum Produkt? |
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