IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v38y2010i5p2110-2115.html
   My bibliography  Save this article

Petroleum refining industry in China

Author

Listed:
  • Walls, W.D.

Abstract

The oil refining industry in China has faced rapid growth in oil imports of increasingly sour grades of crude with which to satisfy growing domestic demand for a slate of lighter and cleaner finished products sold at subsidized prices. At the same time, the world petroleum refining industry has been moving from one that serves primarily local and regional markets to one that serves global markets for finished products, as world refining capacity utilization has increased. Globally, refined product markets are likely to experience continued globalization until refining investments significantly expand capacity in key demand regions. We survey the oil refining industry in China in the context of the world market for heterogeneous crude oils and growing world trade in refined petroleum products.

Suggested Citation

  • Walls, W.D., 2010. "Petroleum refining industry in China," Energy Policy, Elsevier, vol. 38(5), pages 2110-2115, May.
    • Handle: RePEc:eee:enepol:v:38:y:2010:i:5:p:2110-2115
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301-4215(09)00412-1
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Zhao, Xingjun & Wu, Yanrui, 2007. "Determinants of China's energy imports: An empirical analysis," Energy Policy, Elsevier, vol. 35(8), pages 4235-4246, August.
    2. Eli Berman & Linda T. M. Bui, 2001. "Environmental Regulation And Productivity: Evidence From Oil Refineries," The Review of Economics and Statistics, MIT Press, vol. 83(3), pages 498-510, August.
    3. Christopher Taylor & Jeffrey Fischer, 2003. "A Review of West Coast Gasoline Pricing and the Impact of Regulations," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 10(2), pages 225-243.
    4. Chow, Larry Chuen-ho, 1991. "The rise and fall of Chinese oil production in the 1980s," Energy Policy, Elsevier, vol. 19(9), pages 869-878, November.
    5. Zhang, ZhongXiang, 2003. "Why did the energy intensity fall in China's industrial sector in the 1990s? The relative importance of structural change and intensity change," Energy Economics, Elsevier, vol. 25(6), pages 625-638, November.
    6. Adams, F. Gerard & Shachmurove, Yochanan, 2008. "Modeling and forecasting energy consumption in China: Implications for Chinese energy demand and imports in 2020," Energy Economics, Elsevier, vol. 30(3), pages 1263-1278, May.
    7. Skeer, Jeffrey & Wang, Yanjia, 2007. "China on the move: Oil price explosion?," Energy Policy, Elsevier, vol. 35(1), pages 678-691, January.
    8. He, Kebin & Huo, Hong & Zhang, Qiang & He, Dongquan & An, Feng & Wang, Michael & Walsh, Michael P., 2005. "Oil consumption and CO2 emissions in China's road transport: current status, future trends, and policy implications," Energy Policy, Elsevier, vol. 33(12), pages 1499-1507, August.
    9. Liu, Haiyan & Yu, Jianning & Xu, Jian & Fan, Yu & Bao, Xiaojun, 2007. "Identification of key oil refining technologies for China National Petroleum Co. (CNPC)," Energy Policy, Elsevier, vol. 35(4), pages 2635-2647, April.
    10. Wang, Haijiang, 1995. "China's oil policy and its impact," Energy Policy, Elsevier, vol. 23(7), pages 627-635, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hao, Han & Liu, Feiqi & Liu, Zongwei & Zhao, Fuquan, 2016. "Compression ignition of low-octane gasoline: Life cycle energy consumption and greenhouse gas emissions," Applied Energy, Elsevier, vol. 181(C), pages 391-398.
    2. Hui Li & Kangyin Dong & Renjin Sun & Jintao Yu & Jinhong Xu, 2017. "Sustainability Assessment of Refining Enterprises Using a DEA-Based Model," Sustainability, MDPI, vol. 9(4), pages 1-15, April.
    3. Li, Sisi & Khan, Sufyan Ullah & Yao, Yao & Chen, George S. & Zhang, Lin & Salim, Ruhul & Huo, Jiaying, 2022. "Estimating the long-run crude oil demand function of China: Some new evidence and policy options," Energy Policy, Elsevier, vol. 170(C).
    4. Liu, Xiaoyu & Chen, Dingjiang & Zhang, Wenjun & Qin, Weizhong & Zhou, Wenji & Qiu, Tong & Zhu, Bing, 2013. "An assessment of the energy-saving potential in China's petroleum refining industry from a technical perspective," Energy, Elsevier, vol. 59(C), pages 38-49.
    5. Li, Weiqi & Fu, Feng & Ma, Linwei & Liu, Pei & Li, Zheng & Dai, Yaping, 2013. "A process-based model for estimating the well-to-tank cost of gasoline and diesel in China," Applied Energy, Elsevier, vol. 102(C), pages 718-725.
    6. Ma, Linwei & Fu, Feng & Li, Zheng & Liu, Pei, 2012. "Oil development in China: Current status and future trends," Energy Policy, Elsevier, vol. 45(C), pages 43-53.
    7. Pan, Lingying & Liu, Pei & Li, Zheng, 2018. "A discussion on China's vehicle fuel policy: Based on the development route optimization of refining industry," Energy Policy, Elsevier, vol. 114(C), pages 403-412.
    8. Pan, Lingying & Liu, Pei & Li, Zheng, 2017. "A system dynamic analysis of China’s oil supply chain: Over-capacity and energy security issues," Applied Energy, Elsevier, vol. 188(C), pages 508-520.
    9. Zhao, Chunfu & Chen, Bin, 2014. "China’s oil security from the supply chain perspective: A review," Applied Energy, Elsevier, vol. 136(C), pages 269-279.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ma, Linwei & Fu, Feng & Li, Zheng & Liu, Pei, 2012. "Oil development in China: Current status and future trends," Energy Policy, Elsevier, vol. 45(C), pages 43-53.
    2. Sergey Paltsev & John Reilly, 2007. "Long-Term Energy Scenarios for Asia," Energy and Environmental Modeling 2007 24000047, EcoMod.
    3. François Lescaroux & Valérie Mignon, 2009. "Measuring The Effects Of Oil Prices On China'S Economy: A Factor‐Augmented Vector Autoregressive Approach," Pacific Economic Review, Wiley Blackwell, vol. 14(3), pages 410-425, August.
    4. Wu, Gang & Zhang, Yue-Jun, 2014. "Does China factor matter? An econometric analysis of international crude oil prices," Energy Policy, Elsevier, vol. 72(C), pages 78-86.
    5. Kim, Hyun Seok & Baek, Jungho, 2013. "Assessing dynamics of crude oil import demand in Korea," Economic Modelling, Elsevier, vol. 35(C), pages 260-263.
    6. Li, Sisi & Khan, Sufyan Ullah & Yao, Yao & Chen, George S. & Zhang, Lin & Salim, Ruhul & Huo, Jiaying, 2022. "Estimating the long-run crude oil demand function of China: Some new evidence and policy options," Energy Policy, Elsevier, vol. 170(C).
    7. Tehreem Fatima & Enjun Xia & Muhammad Ahad, 2019. "Oil demand forecasting for China: a fresh evidence from structural time series analysis," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 21(3), pages 1205-1224, June.
    8. Zhao, Xingjun & Wu, Yanrui, 2007. "Determinants of China's energy imports: An empirical analysis," Energy Policy, Elsevier, vol. 35(8), pages 4235-4246, August.
    9. Ou, Xunmin & Zhang, Xiliang & Chang, Shiyan, 2010. "Scenario analysis on alternative fuel/vehicle for China's future road transport: Life-cycle energy demand and GHG emissions," Energy Policy, Elsevier, vol. 38(8), pages 3943-3956, August.
    10. Yan, Xiaoyu & Crookes, Roy J., 2009. "Reduction potentials of energy demand and GHG emissions in China's road transport sector," Energy Policy, Elsevier, vol. 37(2), pages 658-668, February.
    11. Zhang, Jing & Deng, Shihuai & Shen, Fei & Yang, Xinyao & Liu, Guodong & Guo, Hang & Li, Yuanwei & Hong, Xiao & Zhang, Yanzong & Peng, Hong & Zhang, Xiaohong & Li, Li & Wang, Yingjun, 2011. "Modeling the relationship between energy consumption and economy development in China," Energy, Elsevier, vol. 36(7), pages 4227-4234.
    12. Fan, Ying & Xia, Yan, 2012. "Exploring energy consumption and demand in China," Energy, Elsevier, vol. 40(1), pages 23-30.
    13. Ma, Hengyun & Oxley, Les & Gibson, John, 2009. "China's energy situation in the new millennium," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(8), pages 1781-1799, October.
    14. Li, Hong & Xiaowen Lin, Sharon, 2011. "Do emerging markets matter in the world oil pricing system? Evidence of imported crude by China and India," Energy Policy, Elsevier, vol. 39(8), pages 4624-4630, August.
    15. W. David Walls & Frank W. Rusco, 2007. "Price Effects of Boutique Motor Fuels: Federal Environmental Standards, Regional Fuel Choices, and Local Gasoline Prices," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 145-164.
    16. Hang, Leiming & Tu, Meizeng, 2007. "The impacts of energy prices on energy intensity: Evidence from China," Energy Policy, Elsevier, vol. 35(5), pages 2978-2988, May.
    17. Hengyun Ma & Les Oxley & John Gibson, 2009. "China’s Energy Situation and Its Implications in the New Millennium," Working Papers in Economics 09/01, University of Canterbury, Department of Economics and Finance.
    18. Zhang, Shuwei & Jiang, Kejun & Liu, Deshun, 2007. "Passenger transport modal split based on budgets and implication for energy consumption: Approach and application in China," Energy Policy, Elsevier, vol. 35(9), pages 4434-4443, September.
    19. Suganthi, L. & Samuel, Anand A., 2012. "Energy models for demand forecasting—A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(2), pages 1223-1240.
    20. Zhang, ZhongXiang, 2014. "Programs, Prices and Policies Towards Energy Conservation and Environmental Quality in China," Working Papers 249427, Australian National University, Centre for Climate Economics & Policy.

    More about this item

    Keywords

    China Petroleum refining;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:38:y:2010:i:5:p:2110-2115. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.