Report Highlights
The year 2007 was an unquiet year for China's petroleum market. The discovery of Nanbao Oilfield in East Hebei Province, the drastic rises in crude oil price and the full opening of the market were all major events, which have produced a profound influence on China's petroleum market. In accordance with its commitments to the WTO, China formally relaxed the right to wholesale and deal in crude oil and oil products. This has sped up market-oriented operations in the oil logistics field. A competition pattern of diversified oil sources and operating entities and differentiated brands and services had gradually formed in China's petroleum market.
The continuous growth of the Chinese economy demands a growing energy supply. This is determined by China's economic growth and the overall situation of the Chinese and global economic and energy policies. Between January and October 2007, China's crude oil imports reached 136.68 million tons, up by 13.8% year-on-year. Refined oil imported amounted to 29.02 million tons, down by 8.9% year-on-year. Forecast shows that due to the fast growth of heavy industries, China's energy demand will grow by an average rate of 5.1% in the next five years.
In the face of competitions as well as market changes and challenges, the 2007-2008 Annual Report on China's Petroleum Market released by our team will help enterprises, investors and industry persons to more accurately grasp the growth pattern of China's petroleum market, and more profoundly comb the trajectories of shift in the related application values:
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More in-depth and detailed market research data. Based on the rich data released by the National Bureau of Statistics, the National Development and Reform Commission, the Ministry of Commerce and the China Petrochemical Industry Association and in relation to its in-depth research on the domestic and foreign petroleum industry, our team offers a detailed analysis of such upstream, middle stream and downstream links as oil exploration and production, oil refinery and oil sales, and makes forward-looking forecast for industry growth.
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More comprehensive and in-depth analysis of industry competitions. In addition to summing up key enterprises' performances from such diversified dimensions as competition pattern in market segments, competition strategies and SWOT analysis, our team draws upon its profound understanding of the energy industry to establish a CMP matrix system with 31 items in 6 major categories to assess the elements for market successes and reveal the structure and competition pattern of China's petroleum industry from multiple perspectives.
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More scientific and comprehensive forecast for future growth. Develop regression models, carry out expert validation for all key market segments and perform linkage analysis with related industry processes to ensure in presenting valuable trend analysis and quantitative forecast results. our team also puts forward pertinent development strategies and recommendations for the government, enterprises and investors.
Report Framework
Table of Contents
Main Conclusions
Key Findings
Chapter I Overview of the Global Petroleum Market in 2007
(I) Market Size and Growth
1. Status of international petroleum production and consumption
2. Status of international petroleum trade
3. Changes in the growth of proven petroleum reserves in the world
4. International oil price continued to rise.
(II) Basic Characteristics
1. World petroleum reserves grew fast.
2. The world petroleum supply and demand gap widened and oil price continued to rise.
3. Oil enterprises were globalized and there was a growing trend of enterprises turning State-owned.
4. International energy cooperation was further strengthened.
5. World oil demand and petrochemical enterprises shifted to the Middle East and the Asia/Pacific Region.
6. The post-petroleum era has arrived.
(III) Major Countries and Regions
1. OPEC
2. Russia
3. The United States
Chapter II Overview of China's Petroleum Market in 2007
(I) Market Size and Growth
1. Market size and growth, 2005-2007
2. Price trend
(II) Basic Characteristics
1. China's oil imports and consumption increased drastically.
2. Domestic enterprises carried out M&As and went through restructuring.
3. Efforts were stepped up to explore and develop oil overseas.
4. As the oil price gap between China and the world widened, an oil shortage broke out in the country.
(III) Market Structural Analysis
1. Product structure
2. Regional structure
3. Channel structure
(IV) Brands' Market Shares
1. Overall market shares
2. Regional market shares
Chapter III Forecast for China's Petroleum Market, 2008-2012
(I) Forecast for Market Size
1. Oil reserves
2. Oil output and demand
3. Oil import and export
4. Oil price
(II) Forecast for Market Structure
1. Product structure
2. Regional structure
3. Channel structure
Chapter IV Trend of China's Petroleum Market, 2008-2012
(I) Driving Factors for Growth
1. Policy factors
2. Economic factors
3. Resources factors
4. Technological factors
(II) Development Trend
1. Trend of production and consumption
2. Product development trend
3. Trend of technological innovations
4. Trend of competitions
Chapter V Research on China's Petroleum Market Segments
(I) The Oil Production Industry
1. Competition pattern
2. Driving forces
3. Obstructive factors
(II) The Oil Refinery Industry
1. Competition pattern
2. Driving forces
3. Obstructive factors
(III) The Oil Product Sales Industry
1. Competition pattern
2. Driving forces
3. Obstructive factors
Chapter VI Competitions in China's Petroleum Market
(I) Overall Competition Pattern
1. Competitions between domestic enterprises
2. Competitions between domestic and foreign enterprises
3. Potential entrants and substituting products
(II) Key Enterprises' Competition Strategies
1. CNPC
2. SINOPEC
3. CNOOC
Chapter VII User Demand for Petroleum in China
(I) Petroleum Consumption Makeup
1. Influential factors
2. Current status of consumption
(II) Analysis of Related Industries
1. The chemical industry
2. Agriculture
3. The transportation industry
Chapter VIII Recommendations
(I) Recommendations to the Government
1. Improve energy-related legislation as soon as possible
2. Push forward oil product pricing mechanism reforms
3. Adopt an energy industry strategy by taking into account of the whole situation4. Strengthen international; energy cooperation, and create conditions for enterprises to enter the world market
(II) Recommendations to Enterprises
1. Establish a consciousness of global competitions
2. Find and improve corporate competitiveness
(III) Recommendations to Investors
1. Closely follow up industry changes
2. Step up oil and gas exploration, especially sea oil and gas development
3. Pay attention to the 3 major oil companies, particularly CNOOC
Tables
Table 1 Distribution of Proven Crude Oil Reserves in China in 2007
Table 2 Adjustment of Refined Oil Product Prices in China
Table 3 Accumulated Oil Outputs of Different Structures in China, January-November 2007 (Unit: 10,000 tons)
Table 4 Makeup and Percentages of Refined Oil Consumption in China, 2003-2006 (Unit: 1,000 barrel/day)
Table 5 Major Source and Destiny Countries of China's Crude Oil Imports and Exports, January-November 2007
Table 6 Major Source and Destiny Countries of China's Refined Oil Product Imports and Exports, January-November 2007
Table 7 Top 10 Oil and Petrochemical Enterprises in 2006—By Operating Revenues
Table 8 List of Enterprise Groups Whose Oil and Natural Gas Extraction Operating Revenues Are Over RMB1 Billion in 2005
Table 9 List of Enterprise Groups Whose Oil Processing, Coking and Nuclear Fuel Processing Operating Revenues Are Over RMB1 Billion in 2005
Table 10 Forecast for Regional Oil Supply and demand in China (Unit: 100 million tons)
Table 11 SWOT Analysis of State-Owned Oil Giants in China
Table 12 SWOT Analysis of Private Oil Enterprises in China
Table 13 Chronicle of Major Events in 2007-CNPC
Table 14 Changes in the Number of SINOPEC's Fuelling Stations, 2006-2007Q1-Q3
Table 15 Chronicle of Major Events in 2007-SINOPEC
Table 16 Chronicle of Major Events in 2007-CNOOC
Figures
Fig.1 World Oil Output, 2003-2007
Fig.2 The World's Top 5 Oil Producers in 2006
Fig.3 World Oil Consumption, 2002-2007
Fig.4 Regional Distribution of Oil Consumption in the World, 2003-2007
Fig.5 Major Oil-Consuming Countries and Regions in the World in 2007
Fig.6 Crude Oil Reserves in the World, 2005-2007
Fig.7 Distribution of Proven World Oil Reserves Between Continents in 2006
Fig.8 Comparison of Oil Reserves Between China and the World's Top 5 Countries with Greatest Proven Oil Reserves in 2006
Fig.9 Price Changes in the International Crude Oil Market, 2004-2007
Fig.10 Price Changes in the International Refined Oil Product Market, January-November 2007
Fig.11 China's Oil Output, 2003-2007
Fig.12 China's Oil Demand, 2003-2007
Fig.13 China's Top 10 Crude Oil-Producing Regions, January-November 2007
Fig.14 China's Top 10 Gasoline-Producing Regions, January-November 2007
Fig.15 China's Top 10 Kerosene-Producing Regions, January-November 2007
Fig.16 China's Top 10 Diesel Oil-Producing Regions, January-November 2007
Fig.17 Structure of SINOPEC's Refined Oil Sales in China, 2006-2007Q1-Q3
