Report Summary

As a pillar industry in the national economy, China petroleum industry faces unprecedented challenges and opportunities, driven by the demand of related industries.  Having a bearing on the national welfare and the people's livelihood, it is a focus of competition among the public.

On December 11, 2006, China opened its product oil market, which signifies that the transition period for China petroleum and petrochemical industry after the WTO entry came to an end.  In the past five years, China petroleum and petrochemical industry has experienced immense, profound and irreversible changes in internal and external development environment, the industry development and market situation: China petroleum and petrochemical market opens up, diverse market players have emerged, and the government regulatory system is improving and getting on the road of legal system.  As the market opens up, China petroleum and petrochemical industry experiences further development.  Through reform and reorganization, China state-owned petroleum and petrochemical enterprises are growing in size and strength.  The Chinese economy is in the period of steady rapid development, with soaring demand for oil products.  By 2010, China demand for gasoline, kerosene and diesel oil is expected to hit 185 million to 189 million tons.

On the basis of data from the National Bureau of Statistics, Ministry of Commerce, State Development and Reform Commission, relevant associations in China petrochemical industry, more than 100 newspapers, magazines, and professional websites, as well as voluminous materials publicized and provided by professional research institutions including China University of Petroleum, the 2006-2007 Annual Report on the Development of China Petroleum Industry conducts original in-depth study and analysis of the supply and demand in China petroleum industry, development of the industry segments, import and export situation, consumption and market, competition and development opportunities, and the industry's consolidation status and development trend.  It reveals the structure of China petroleum industry and competition situation from various angles, and conducts comprehensive assessment of the business strategies and competitiveness of major enterprises in this sector.  Meanwhile, the report provides qualitative and quantitative forecast of the industry development trend, and presents pertinent development strategies and recommendations for the government, enterprises and investors respectively.

Report Outline

Main Conclusions
Key Findings

Section 1    Overview of the Global Petroleum Industry, 2006

1.1    Present Situation
1.2    Basic Characteristics
1.3    Major Countries & Regions
    1.3.1  U.S.A.
    1.3.2  Britain
    1.3.3  Japan
    1.3.4  Russia

Section 2    Overview of China Petroleum Industry, 2006

2.1    Development Environment
    2.1.1  Economic development flues demand for petroleum
    2.1.2  The government attaches great importance to the petroleum industry
    2.1.3  Investment and financing system becomes more flexible
2.2    Present Situation and Characteristics
    2.2.1  Industry Size
    2.2.2  Industry Structure
2.3    Industry Segments

Section 3    Analysis of the Industry Chain of China Petroleum Industry, 2006

3.1    Structure of Industry Chain
3.2    Present Situation of Supply and Demand
3.3    Characteristics of the Industry Chain and Problems

Section 4    Competition Situation & Competition Behavior in China Petroleum Industry, 2006

4.1    Competition Situation
4.2    Competition Behavior
    4.2.1  Price Behavior
    4.2.2  Output Determination
    4.2.3  Competition Behavior
4.3    Assessment of Leading Enterprises Competitiveness in China Petroleum Industry
    4.3.1  China National Petroleum Corporation (CNPC)
    4.3.2  China Petrochemical Corporation
    4.3.3  China National Offshore Oil Corporation (CNOOC)

Section 5    Development Trend of Chain for China Petroleum Industry, 2007-2009

5.1    Impetuses
    5.1.1  Policy Factors
    5.1.2  Economic Factors
    5.1.3  Social Factors
    5.1.4  Technical Factors
5.2    Development Trend
    5.2.1  Trend of Production and Consumption
    5.2.2  Development Trend of Products
    5.2.3  Trend of Technological Innovation
    5.2.4  Trend of Competition

Section 6    Forecast of China Petroleum Industry, 2007-2009

6.1    Forecast of Demand
6.2    Forecast of Supply

Section 7    Analysis of Investment Opportunities in China Petroleum Industry, 2007-2009

7.1    Index System
7.2    Investment Opportunities

Section 8    Recommendations

8.1    For the Government
8.2    For Enterprises
8.3    For Investors

Tables

1.  International Sea Freight of Crude Oil, 1996-2005
2.  China Crude Oil Output for 2002 - October 2006
3.  China Imports & Exports of Crude Oil, 2005 - October 2006
4.  China Transparent Consumption of Oil Products in Recent Years
5.  Number of Enterprises in China's Crude Oil Processing & Oil Product Enterprises
6.  China Crude Oil Output in Recent Years (by region)
7.  China Petroleum Resource Volume & Regional Distribution
8.  Statistics on China Net Import Volume of Crude Oil, 2000-2005

Figures

1.  Monthly Average Price of Crude Oil in the International Market, 2002-2006
2.  Distribution of China Oil & Gas Resources
3.  Growth in the Quantity of Automobiles in China, 1990-2004
4.  China Apparent Consumption of Crude Oil, 1995-2006
5.  Crude Oil Consumption Per Capita in China, 1995-2006
6.  Curve of Crude Oil Output and GDP, 1993-2006