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China refines Record 31.19 million tonnes of crude oil in May 2009! Crude Output & Sales Expected to Rise. Trends explored at 5th Asia Refining Congress.

Posted on : 24 Jun, 2009

 

China refined a record 31.19 million tonnes of crude oil in May, up 10.7 percent over the same month last year, according to the China Petroleum and Chemical Industry Association (CPCIA).

 

According to figures released by CPCIA on 22 June, China’s refined oil output, including gasoline, diesel and kerosene totaled 19.34 million tones. This is an increase of 16.7 percent over the same period last year.

 

Experts are attributing the production increases to surging demand as the Chinese economy rebounds from the slowdown. Sales of refined oil products have topped 18.32 million tones in May, and is up 2.3 percent from April.

 

In fact, Jiang Xinmin, an expert with China’s National Development and Reform Commission said in an interview with Xinhua, that "China's crude output and sales are expected to continue rising, to meet the demand from heavy industry in particular."

 

China will be a key country of focus at the upcoming 5^th Asia Refining Congress, which convenes in Singapore on 20-21 October 2009.

 

Yang Weijun, Director of Refining & Petrochemical-Department of Planning & Engineering Institute, PETROCHINA is on the panel of experts sharing at the conference, and will deliver two critical speeches covering the regulatory environment and market demand shaping China’s refining sector.

 

Those keen on participating in the 5^th Asia Refining Congress can >>CLICK HERE<< or email injleep@cmtsp.com.sg for more information.