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By 1993, internal demand for oil exceeded domestic production, and China became a net oil importer. [10] China became dependent on imported oil for the first time in its history in 1993 due to demand rising faster than domestic production. [4] In 2006, it imported 145 million tons of crude oil, accounting for 47% of its total oil consumption.
China has set a minimum size for new oil refineries and will ban small crude processors that claim to be chemicals or bitumen producers under a plan to limit total capacity at 1 billion metric ...
Already the world's No.2 oil refiner after the United States, China added 800,000 barrels per day (bpd) of capacity last year - 80% of the United Kingdom's refinery throughput - and analysts ...
In 2008, the CNPC planned to construct a ten-million-ton oil refining plant in Gaopu Zhen of Anning city, 40 kilometres (25 mi) away from Kunming, the capital of Yunnan province. [ 14 ] [ 21 ] With an investment of 20 billion yuan, the plant was to produce 6.5 million tons of PX annually. [ 12 ]
The 2011 Bohai bay oil spill (Chinese: 2011年渤海湾油田溢油事故) was a series of oil spills that began on June 4, 2011 at Bohai Bay. The spill itself however was not publicly disclosed until a month later. [1] There were suspicions of official cover-ups by the State Oceanic Administration (SOA). [2]
China, Sudan’s largest trading partner before the war, has not acknowledged the blaze at the refinery. The Chinese Foreign Ministry did not respond to a request for comment. China moved into Sudan’s oil industry after Chevron Corp. left in 1992 amid violence targeting oil workers in another civil war.
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, the IEA said, ... China's weak economy and record US production will ...
The Xingang Port oil spill is a spill that occurred in July 2010 caused by a rupture and subsequent explosion of two crude oil pipelines that run to an oil storage depot of the China National Petroleum Corporation in Xingang Harbour, Dalian, Liaoning Province, China. The 1,500 tonnes of oil spilled from the pipes created a 180 km 2 (69 sq mi ...