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Independent refineries will still be an important component of China oil refining industry

Zoom  Zoom Issue Date:2011-11-03   Source: ChemNet   Browse:779

Cheif Editor Lampson Liu of China Commodity Data Group made a speech on independent refineries situation and answered related questions on China independent refineries asked by the international companies in Downstream Asia 2011 today. Lampson Liu said that traditional independent refineries is undergoing great revolution, which mainly divided into three categories. Category one, some independent refineries were incorporated and restructured by CNOOC and China National Chemical Corporation, such as Shandong Haihua Group. Category two, some independent refineries went to public in the domestic or overseas market, such as Befar Group and Haike Group. Category three, some independent refineries were going through the test of survival.

 

About the question of "if independent refineries are still play an important role in China refining industry" asked by foreign companies, Lampson Liu thinks that it's certain - although the independent refineries is undergoing revolution, whether from the needs of production capacity or the needs of market, China requires the independent refineries in addition to two barrels of oil.

 

The reporter learned that many overseas refining enterprises in Singapore International Energy Week had expressed interest in China independent refineries. The related materials about the 5th Independent Refineries China Summit will be co-hosted by World Refining Association and China ChemNet in March 2012 were grabbed and empty,

 
 
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