1. CHINA'S ENERGY MIX AND OIL CONSUMPTION
1.1 Energy Mix
1.1.1 Energy Mix in 2008
Chart: China's Energy Mix in 2008
1.1.2 Changes of Oil Proportion in Energy Mix: 2004 – 2008
Chart: Percentage of Oil in China's Energy Mix (2004 - 2008)
1.2 Oil Consumption
1.2.1 China's Oil Consumption in 2008
Table: China's Oil Consumption in 2008 – Crude Throughput and Net
Imports of Products
1.2.2 China's Oil Consumption changes since 2004
Chart: China's Oil Consumption (2004-2008)
Chart: GDP Elasticity of Oil Consumption (2004-2008)
1.2.3 Forecast of China's Oil Consumption for 2009
2. CHINA'S CRUDE OIL MARKET
2.1 Crude Oil Demand
2.1.1 Apparent Consumption in 2008
Table: China's Apparent Crude Oil Consumption for 2008
2.1.2 Apparent Consumption over Past Five Years
Chart: China's Apparent Crude Oil Consumption (2004-2008)
Chart: GDP Elasticity of Crude Oil Consumption (2004-2008)
2.2 Domestic Crude Oil Output
2.2.1 China's Crude Oil Output volume since 2004
Chart: China's Crude Oil Output (2004-2008)
2.2.2 Major Domestic Crude Oil Producers
Chart: China's Major Crude Oil Producers (2008)
2.3 Crude Oil Import & Export
2.3.1 Crude Oil Imports since 2004
Chart: China's Crude Oil Imports (2004-2008)
2.3.2 Major Crude Oil Suppliers to China
Chart: Changes in Major Crude Oil Suppliers to China –Comparing 2008
with 2004
2.3.3 Main Crude Oil Receivers in China
Chart: Main Destinations for Imported Crude Oil in China (2008)
2.3.4 China's Crude Oil Exports
Chart: China's Crude Oil Exports (2004-2008)
2.3.5 Forecast of China's Crude Oil Consumption/Import/Export for 2009
3. CHINA'S REFINING SECTOR
3.1 Refining Capacity
3.1.1 Current Refining Capacity
Chart: China's Refining Capacity - By Ownerships
Table: Top 20 Refineries in China - By Capacity
3.1.2 Increases in Refining Capacity over the Past Five Years
Chart: Changes in China's Refining Capacity (2004-2008)
3.1.3 Current Processing Capacity on High Sulfur Crude
Table: Top 10 High Sulfur Crude Processing Refineries in China – By Capacity
3.1.4 Impending Additions to Refining Capacity (2008)
Table: Known Refinery Projects (2008/2008)
3.1.5 Refinery Projects Expected After 2008
Table: Refinery Projects Proposed/Planned for Period: 2009-2011
3.2 China's Crude Oil Throughputs
3.2.1 Crude Throughputs in 2008
Table: Throughputs and Product Yield Rates (2008)
3.2.2 Crude Throughputs over the Past Five Years
Chart: Historical Crude Oil Throughputs (2004-2008)
3.2.3 Operating Run Rates of Refineries in China
Chart: Operating Run Rates of China's Refineries (2004-2008)
3.2.4 Products' Yield Rates of China's Refineries over the Past Five Years
Chart: Oil Products Yield Rates of China's Refineries (2004-2008)
3.2.5 Forecast of China's Crude Oil Throughputs/ Refinery Run Rates for 2009
3.3 Tea-pot (minor) Refineries Operating Independently from Sinopec and PetroChina
3.3.1 Refining Capacity of China's Tea-pot Refineries
Chart: Aggregate Capacity of Tea-pot Refineries – By Region
3.3.2 Tea-pot Refinery Projects Expected After 2008
Table: Tea-pot Refinery Projects proposed/Planned for Period: 2008-2011
3.3.3 Roles and Characteristics of China's Minor Refineries
4. CHINA'S OIL PRODUCTS MARKET
4.1 GASOLINE
4.1.1 Gasoline Demand
4.1.1.1 Changes in China's Gasoline Consumption
Table: China's Apparent Gasoline Consumption for 2008
Chart: China's Gasoline Apparent Consumption & GDP Elasticity (2004-2008)
4.1.1.2 Gasoline Consumption - By Sectors
Chart: China's Gasoline Consumption – By Sectors
4.1.1.3 Gasoline Consumption - By Regions
Chart: China's Gasoline Consumption – By Regions
4.1.2 Gasoline Exports
4.1.2.1 Gasoline Exports in 2008
Chart: Major Destinations for China's Gasoline Exports
4.1.2.2 Gasoline Exports over the Past Five Years
Chart: China's Gasoline Exports Trend (2004-2008)
4.1.3 Unconventional Gasoline Imports in 2008
4.1.4 Forecast of China's Gasoline (Apparent) Consumption/Imports/Exports for 2009
4.1.5 China's Petrol Retail/Distribution Sector
4.1.5.1 Brief on China's Present Petrol Retail Situation
Chart: Distribution of Petrol Stations- By Ownership Groupings
4.1.5.2 Foreign Investment in China's Petrol (Station) Retail Network
Table: Foreign Companies' Retail Expansion Plans in China
4.2 NAPHTHA
4.2.1 Naphtha Demand
4.2.1.1 China's Naphtha Consumption in 2008
4.2.1.2 Changes in China's Naphtha Consumption
Table: China's Apparent Naphtha Consumption for 2008
Chart: China's Naphtha Apparent Consumption & GDP Elasticity (2004-2008)
4.2.2 Naphtha Import and Export
4.2.2.1 China's Naphtha Import & Export in 2008
Chart: Major Destinations for China's Naphtha Export in 2008
Chart: Major Destinations for China's Naphtha Import in 2008
Chart: Major Sources of China's Naphtha Import in 2008
4.2.2.2 Naphtha Import & Export for the Period: 2004-2008
Chart: China's Naphtha Import & Export Trend (2004-2008)
4.2.3 Forecast of China's Naphtha Consumption/Import/Export for 2009
4.2.4 China's Ethylene Expansion and New Projects
4.2.4.1 Current Ethylene Production Capacity
Table: List of Current Ethylene Plants in China
4.2.4.2 Increases in Ethylene Capacity Expected during 2008-2011
Table: Known New Ethylene Plants and Expansion Projects (2008-2011)
4.2.5 Substitutes of Naphtha
4.3 JET FUEL (KEROSENE)
4.3.1 Kerosene Demand
Table: China's Kerosene Market: Apparent Consumption (2008)
Chart: Apparent Consumption & GDP Elasticity of Kerosene Demand in China (2004-2008)
4.3.2 Jet Fuel Imports
4.3.2.1 Jet Fuel Imports in 2008
Chart: Major Jet Fuel Suppliers to China
Chart: Jet Fuel Imports - By Customs Locations
4.3.2.2 Jet Fuel imports in the Past Five Years
Chart: China's Jet Fuel Imports (2004-2008)
4.3.3 Jet Fuel Exports
Chart: Jet Fuel Exports - By Customs Locations (2008)
Chart: China's Jet Fuel Exports (2004-2008)
4.3.4 Forecast of China's Jet Fuel (Apparent) Consumption/Import/Export for 2009
4.4 GASOIL
4.4.1 Gasoil Demand
4.4.1.1 Changes in China's Gasoil Consumption
Table: China's Gasoil Apparent Consumption for 2008
Chart: China's Gasoil Consumption & GDP Elasticity of Its Gasoil Demand (2004-2008)
4.4.1.2 Gasoil Consumption - By Sectors
Chart: Gasoil Consumption - By Sectors
4.4.1.3 Gasoil Consumption - By Regions
Chart: Gasoil Consumption - By Regions
4.4.2 Gasoil Imports
4.4.2.1 Gasoil Imports in 2008
Chart: Major Sources of Gasoil Imported into China (2008)
4.4.2.2 Gasoil Import over the Past Five Years
Chart: China's Gasoil Imports (2004-2008)
4.4.3 China's Gasoil Exports
Chart: China Gasoil Exports - By Customs Locations (2008)
4.4.4 Forecast of China's Gasoil (Apparent) Consumption/Import/Export for 2009
4.5 FUEL OIL
4.5.1 Fuel Oil Demand
4.5.1.1 Fuel Oil Consumption
Table: China's Fuel Oil Apparent Consumption for 2008
Chart: China's Fuel Oil Consumption & its GDP Elasticity (2004-2008)
4.5.1.2 Main Fuel Oil End-Users
Chart: China's Fuel Oil Consumption – By Sectors
4.5.1.3 China's Bunker Fuel Market
4.5.1.3.1 China's Bonded Bunker Fuel Market Changes after Government Opens the Market to Four Companies
4.5.1.3.2 China's Bunker Fuel Consumption
Chart: Top Bunker Fuel Suppliers in China (2008)
Chart: China's Bunker Fuel Consumption (2004-2008)
4.5.1.3.3 Forecast of China's Bunker Fuel Consumption for 2009
4.5.1.4 Fuel Oil Consumption - By Regions
Chart: China's Fuel Oil Consumption – By Regions
4.5.2 Fuel Oil Import
4.5.2.1 Fuel Oil Imports in 2008
Chart: Major Supply Sources for Fuel Oil Imported into China (2008)
Chart: Fuel Oil Imports - By Major Destinations (2008)
4.5.2.2 Fuel Oil Imports over the Past Five Years
Chart: China's Fuel Oil Import Trend (2004-2008)
4.5.3 Forecast of China's Fuel Oil (Apparent) Consumption and Import Volume for 2009
4.5.4 Top Fuel Oil Importers
Table: Top 10 Fuel Oil Importers into China (2008)
4.5.5 Fuel Oil Substitutes
4.6 LPG
4.6.1 LPG Demand
4.6.1.1 LPG Consumption
Table: China's LPG Apparent Consumption for 2008
Chart: China's LPG Consumption & its GDP Elasticity (2004-2008)
4.6.1.2 Main LPG End-Users
Chart: China's LPG Consumption – By Sectors
4.6.1.3 LPG Consumption - By Regions
Chart: China's LPG Consumption – By Regions
4.6.2 LPG Import
4.6.2.1 LPG Imports in 2008
Chart: Major Supply Sources for LPG Imported into China (2008)
Chart: LPG Imports - By Major Destinations (2008)
4.6.2.2 Top LPG Importers
Table: Top 10 LPG Importers into China (2008)
4.6.2.3 LPG Imports over the Past Five Years
Chart: China's LPG Import Trend (2004-2008)
4.6.3 LPG Export
4.6.4 Forecast of China's LPG (Apparent) Consumption/Import/Export Volume for 2009
4.6.5 LPG Substitutes
5. OIL PRICES AND MARGINS IN 2008
5.1 Distillates' Price Movements in 2008
5.1.1 Gasoline's Wholesale Prices
Chart: Gasoline Price Comparison: Wholesale Prices in China vs FOB Prices in Singapore (2008)
Table: Monthly Average Prices for Gasoline in China (2008)
5.1.2 Export Margins for Gasoline
Chart: Gasoline Export Margins in China (2008)
5.1.3 Gasoil's Wholesale Prices
Chart: Gasoil Price Comparison: (Domestic) Wholesale Prices in China vs FOB Prices in Singapore (2008)
Table: Monthly Average Prices of Gasoil in China (2008)
5.1.4 Import Margins for Gasoil
Chart: Gasoil Import Margins in China (2008)
5.1.5 Margins of Petrol Stations
Chart: Spread between Retail and Wholesale Prices for Gasoil and Gasoline in China (2008)
Chart: Estimated Margins of Petrol Stations in China (2008)
5.1.6 Naphtha Ex-refinery Prices
Chart: Naphtha Ex-refinery Prices from Sinopec and PetroChina VS CFR Japan (2008)
5.2 Fuel Oil's Price Movements in 2008
5.2.1 Prices of Imported 180CST HSFO
Chart: Fuel Oil Price Comparison: Guangdong Ex-Terminal Prices and Qingdao Ex-Terminal Prices (Straight-Run) vs Singapore FOB Prices (2008)
Table: Monthly Average Prices of Fuel Oil in China (2008)
5.2.2 Import Margins for Fuel Oil
Chart: Estimated Import Margins for Guangdong Fuel Oil Importers (2008)
Chart: Estimated Import Margins for Shandong Straight-Run Fuel Oil Importers (2008)
5.2.3 Refining Margins of 'Teapot' (Minor) Refinery
Chart: Estimated Refining Margin of a Typical 'Teapot' Refinery in Guangdong (2008)
Chart: Estimated Refining Margin of a Typical Teapot' Refinery in Shandong (2008)
5.3 LPG's Price Movements in 2008
5.3.1 Ex-terminal Prices of LPG
Chart: LPG Price Comparison: Prices in China vs Singapore FOB Prices (2008)
Table: Monthly Average Prices of LPG in China (2008)
5.3.2 Import Margins for LPG
Chart: Import Margins for LPG Imports into China (2008)
5.3.3 Export Margins for LPG
Chart: LPG Export Margins from China (2008)
6. RECENT GOVERNMET POLICIES AFFECTING CHINA'S OIL INDUSTRY
6.1 Stringent Monetary Policies' Impacts on China's Oil Market
6.2 Policy on Energy Conservation
6.3 Policy changes on Excise Tax on Fuel Oil and Naphtha
6.4 Policy on VAT rebate for Imported Gasoline and Gasoil
6.5 Policy changes on Excise Tax for Imported Vehicles
6.6 Policy on Subsidy for Imported Crude
6.7 Policies Changes on Oil Import & Export
6.7.1 Import Taxes
China Cuts Light products Import Tax to 1% and Fuel Oil Import Tax to 3%
Table: Latest Import Tax for Crude Oil and Main Oil Products
6.7.2 Import License and Import Quotas
Table: Yearly Import Quotas for Non-State Trading Category
6.7.3 Wholesale License and Storage License for crude and Distillate
6.8 Regulations on Products Specification
6.8.1 Regional Fuel Specification Upgrade of Gasoline and Gasoil
6.9 Brake Policy on Coal-to-Oil Projects
7. HOT ISSUES OF THE YEAR 2008
Macro Economy
CPI surge pressure
Economic Growth Slow Down and Coastal Industrial Transfer
Stringent Monetary Policies and Cash-flow Shortage
Influence of Olympic Games on National Economy
Oil Supply before and after Olympic Games
7.3 Performance of Three Majors in Stock Market
7.4 Domestic Pricing Mechanism
7.4.1 Pricing Mechanism of Domestic Prices of Gasoline and Gasoil: Oil Crisis and
Oil oversupply
7.4.2 Coal Crisis and Power shortage in Northern Coastal Provinces
7.4.3 Price Lift of Domestic Natural Gas
7.4.4 Price Lift of Power on On-grid and Sale Prices
7.5 Fuel Tax
7.6 Natural Gas: Petrochina West to East II
7.7 Strategic Petroleum Reserves ("SPR")
Table: SPR Phase I: Capacity/ State/ Crude stock/ crude grade
Table: SPR Phase II: proposed
7.8 Development of new energy
7.8.1 Gasohol
7.8.2 Coal-to-Oil Projects
7.8.3 Bio-Diesel
7.8.4 DME
8. LOGISTICS AND INFRASTRUCTURE
8.1 Crude Oil Logistics
8.1.1 Transport for Domestic Crude Oil
Table: Main Pipelines for Domestic Crude Oil Transport in China
8.1.2 Transport for Imported Crude Oil
Table: Main Receiving Ports (DWT≥100,000mt) in China for Crude Oil Import
Table: Main Pipelines for Foreign Crude Oil Supply into China
8.2 Distillates Logistics
Table: Main Receiving Terminals (DWT≥30,000mt) in China for Oil Products Import
Table: Main Pipelines for Distillates Transport in China
8.3 Fuel Oil Logistics
Table: Main Receiving Terminals (DWT≥30,000mt) in China for Fuel Oil Import
8.4 LPG Logistics
Table: Main Receiving Terminals (DWT≥30,000mt) in China for LPG Import
9 Appendix
1) China's profile (including country overview and economic overview)
2) China's GDP in 2003-2008
3) China's supply/demand balance sheet for main petroleum products
4) China's Top 20 oilfields in 2008
5) China's Top 20 refineries' throughput in 2008
6) China's Top 20 gasoline producers in 2008
7) China's Top 20 gasoil producers in 2008
8) China's Top 20 jet producers in 2008
9) China's Top 20 fuel oil producers in 2008
10) China's monthly crude import and export in 2008
11) China's crude imports by source in 2008
12) China's crude imports by customer in 2008
13) China's monthly gasoline import and export in 2008
14) China's gasoline exports by destination in 2008
15) China's monthly naphtha import and export in 2008
16) China's naphtha exports by destination in 2008
17) China's naphtha imports by destination in 2008
18) China's naphtha imports by source in 2008
19) China's monthly jet import and export in 2008
20) China's jet imports by source in 2008
21) China's jet imports by customer in 2008
22) China's jet exports by destination in 2008
23) China's monthly gasoil import and export in 2008
24) China's gasoil imports by source in 2008
25) China's gasoil imports by customer in 2008
26) China's gasoil exports by destination in 2008
27) China's monthly fuel oil import and export in 2008
28) China's fuel oil imports by source in 2008
29) China's fuel oil imports by customer in 2008
30) China's monthly LPG import and export in 2008
31) China's LPG imports by source in 2008
32) China's LPG imports by customer in 2008
