- Updates on the capacity, distribution, feedstock supply and sales channel of China's independent refineries
- Business scenario in 2003-2008 and impact from economic meltdown in 2008-2009
- Business outlook for independent refineries in 2009 and ahead
- Government's policies related to minor refineries
- Detailed configuration for China's independent refineries in Shandong, and southern, eastern, northeastern, northwestern and central China
TABLE OF CONTENTS
1 OVERVIEW
1.1 Capacity and Influence of China's Independent Minor Refineries
Map: Distribution of Independent Minor Refineries in China
1.2 Independent Minor Refineries' Role in China Oil Market
2 CHALLENGES FOR INDEPENDENT MINOR REFINERIES
2.1 Diversified Feedstock Supply
Chart: Feedstock Mix for Independent Minor Refineries in China
2.1.1 Shabby Crude Supply
2.1.2 Straight-Run Fuel Oil as Substitute
2.2 Highly Controlled Domestic Distillate Product Market
2.3 Non-Market-Oriented Pricing Mechanism on Distillate Product
2.4 Energy Conservation and Environmental Problems Triggered by Technology Bottleneck
2.5 Development Bottleneck Due to Insufficient Capital Flows
3 IMPORTS OF STRAIGHT-RUN FUEL OIL AS FEEDSTOCK
3.1 Origins and Specifications of Straight-Run Fuel Oil
3.2 Flow of Straight-Run Fuel Oil Imports
Map: Flow of Straight-Run Fuel Oil Imports in Chinese Market
3.3 Major Suppliers and Importers of Straight-Run Fuel Oil
4 INDEPENDENT MINOR REFINERIES' BUSINESS SCENARIO IN 2008
4.1 Refining Margins
Chart: Refining Margins of Domestic Independent Minor Refineries in 2008
4.2 Operation Rates
Chart: Operation Rates of Domestic Independent Minor Refineries in 2008
4.3 Roles of Independent Minor Refineries: Distillates Imports vs. Third-Party Crude Processing for Sinopec and PetroChina
4.4 Relationship Between Independent Minor Refineries and Domestic Oil Giants
5 INDEPENDENT MINOR REFINERIES' BUSINESS SCENARIO IN 2003-2007
5.1 Refining Margins
Chart: Refining Margins of Independent Minor Refineries in 2003-2007
5.2 Operation Rates
Chart: Operation Rates of Independent Minor Refineries in 2003-2007
5.3 Traditional Business Mode of Domestic Independent Minor Refineries
5.3.1 Operation under Volatile Oil Prices
5.3.2 Expansion on Refining Capacity
5.3.3 Expansion on Deep Refining Capacity
6 PROSPECT OF DOMESTIC INDEPENDENT MINOR REFINERIES
6.1 Further Expansion on Refining Capacity
6.2 Enhancement on Deep Refining Capacity
6.3 Strive After Preferential Policy
6.4 Opportunities and Risks of Merging With State-Owned or Foreign Companies
7 GOVERNMENT POLICIES RELATED TO INDEPENENT MINOR REFINERIES
7.1 Medium-and-Long-Term Layout for Oil Refining Industry in China
7.2 Policies on Industrial Restructuring in Oil Industry
7.3 Foreign Investment Guidelines Related to Oil Industry
8 FEEDSTOCK AND REFINING UNITS OF INDEPENDENT REFINERIES BASED IN SHANDONG
Chart: Feedstock Mix for Independent Refineries in Shandong
9 FEEDSTOCK AND REFINING UNITS OF MINOR REFINERIES BASED IN GUANGDONG
Chart: Feedstock Mix for Minor Refineries in Guangdong
10 FEEDSTOCK AND REFINING UNITS OF INDEPENDENT MINOR REFINEIRES BASED IN NORTHWEST/NORTHEAST CHINA
Chart: Feedstock Mix for Independent Minor Refineries in Northwest/Northeast China
11 BUSINESS MODE COMPARISION ON INDEPENDENT MINOR REFINERIES BASED IN SHANDONG, GUANGDONG, AND NORTHWEST/NORTHEAST CHINA
12 BRIEFING ON LEGITIMATE REFINERIES IN CHINA
By Regions:
Shandong Province
South China
Northeast China
East China
Northwest China
Central China
(See Appendix)
By Ownerships:
Sinopec
PetroChina/CNPC
CNOOC
Shaanxi Yanchang Petroleum (Group) Co. Ltd
ChemChina
China Zhen Hua Oil Co Ltd
Sinochem Corp
Sino-Foreign Joint Venture Refineries
(See Appendix)
APPENDIX
Maps:
A1. Distribution of Independent Minor Refineries and Infrastructures in Bohai Ring
A2. Distribution of Minor Refineries and Infrastructures in Pearl River Delta
A3. Distribution of Minor Refineries and Infrastructures in Northeast China
A4. Distribution of Minor Refineries and Infrastructures in East China
A5. Distribution of Minor Refineries and Infrastructures in Northwest China
Tables:
B1. Refining Capacity and Crude Throughput of Major Domestic Refineries by End 2008
B2. Refining Capacity of Main Independent Minor Refineries by End 2008
B3. Capacity Expansion Plan of China's Main Independent Minor Refineries for 2009-2010
B4. Refining Units and Capacity Overview of Shandong-Based Independent Refineries by End 2008
B5. Refining Units and Capacity Overview of Guangdong-Based Independent Refineries by End 2008
B6. Refining Units and Capacity Overview of Northwest/Northeast China-Based
Independent Refineries by End 2008
B7. China's Refining Capacity by Regions
B8. China's Refining Capacity by Ownerships
B9. China's Monthly Fuel Oil Imports in 2008—By Customs Locations
B10. China's Fuel Oil Imports in 2008—By Source
B11. Top Five Fuel Oil Suppliers to China in 2003-2008
B12. Top 10 Fuel Oil Importers in Chinese Market in 2008
B13. Fuel Oil Inventory in Shandong and Neighboring Ports in 2008
B14. Foreign Investment in Downstream Sector of China's Highly-Monopolized Oil Industry
B15. Independent Minor Refineries and Enterprises with Oil Products Wholesale or Storage License
B16. Enterprises Licensed to Crude Imports under State-Operated and Non-State-Operated Category
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