Over the past 40 years of reform and opening up, the oil and gas industry in China has undergone earth-shaking changes. From the lack of self-sufficiency of basic petrochemical products to the formation of 200 million tons of crude oil production capacity, nearly 800 million tons of refining capacity, more than 50 million tons of PTA production capacity and other self-sufficiency and marketing worldwide.
At the same time, it also extended the development of high-tech industries such as new energy, new materials and fine chemicals, and established a complete industrial system. Over the past 40 years, China's crude oil output has increased by 0.8 times, with an average annual growth rate of 1.6%.
Natural gas production increased by 9.4 times, with an average annual growth rate of 6.5%. While consolidating oil and gas production capacity, it has also built four oil and gas import channels and a national strategic oil reserve, further improving energy security; Independent construction of a large number of strategic major projects, such as west-to-east gas transmission,10 million tons of oil refining and10 million tons of ethylene; A large number of gaps and restricted areas such as deep-sea oil and gas development, shale gas and coalbed methane have been filled and broken through one after another, and some areas have achieved international leadership.
Extended data
During the China International Import Expo, four oil and gas companies, China Petroleum, China Petrochemical, China Offshore Oil and China Sinochem, signed import agreements with exhibitors totaling 96,654.38 billion US dollars. Together with other small and medium-sized oil and gas companies, the signing amount of China Oil and Gas Company in China International Import Expo (CIIE) this year is nearly100 billion US dollars.
Among them, China Petroleum signed cooperation agreements with 23 internationally renowned suppliers, with a total amount of 29.2 billion US dollars; Sinochem signed cooperation agreements with 17 partners with a total amount of11300 million USD; China Petrochemical signed purchase agreements with 48 suppliers, with a total amount of US$ 45.6 billion. China CNOOC signed an import agreement with Siemens with a total amount of US$ 654.38 billion.
It is generally believed that China's huge oil and gas demand and resource potential will provide a stable market for foreign partners and open up a broad cooperation space for investors from all countries, which will accelerate the realization of a new situation of global oil and gas trade cooperation.
Baidu Baike-China Aviation Oil Group Co., Ltd.
People's Daily Online-18 Annual Press Release of China Petroleum Industry