Thoughts on Structure Adjustment of China‘s Refining Industry and Recommendations on Improving Economy of Scale

(整期优先)网络出版时间:2002-04-14
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Bytheendof1998Chinaboasted220refinerieswithatotalcrudeprocessingcapacityof262Mt/a.Theaveragerefinerysizeatthattimewas1.194Mt/a.Refinerieswithprocessingcapacityexceeding5.0Mt/aaccountedforonly21.26%,whilethecapacityofsinglerefiningunitswerealsosmallthatcouldnotconformwiththeeconomyofscale.China'srefiningindustryisfacedwithatoughtaskofstructureadjustment.