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The sudden emergence of the “COVID-19 virus” in 2020 spread across the world, causing severe disruptions to economic and industrial activities domestically, and pushing the already unstable oil market further into a downturn. Affected by the broader economic environment, demand for crude oil declined, and international oil prices dropped sharply in the first half of the year, falling below their minimum levels. The sharp reduction in demand for refined oil products in the domestic market led to a steady decline in domestic prices for such products. This posed the greatest challenges ever faced by refineries, traders, oil storage facilities, gas stations, and logistics companies. Looking back, Hengli Petrochemical and Zhejiang Petrochemical began to introduce their refined oil products into the domestic market. Currently, Sinochem Refining is making every effort to achieve operational readiness; once that is accomplished, more resources will flow into the market, further exacerbating the surplus of oil products in the country. 2020 is a crucial year that serves as a bridge between the past and the future – could it mark a turning point for the energy industry? Still ready to go? Faced with changes in the industry landscape and subtle shifts in the competitive environment, what new opportunities and challenges will the refined oil market encounter? “\"Abundant coal, scarce oil, and limited gas\" are the characteristics of China’s energy structure. The northwest region possesses huge energy reserves; coal resources account for 2/3 of China’s total estimated reserves, while refined oil resources make up 15% of the total, making it a typical area with rich resources. Demand for refined oil products has also shown a steady upward trend in recent years, with an average annual growth rate of 5.21%. The energy conversion efficiency of direct coal liquefaction for oil production is around 60%. The coal-to-oil industry holds strategic importance for ensuring **energy security. However, the development of coal-to-oil projects in ecologically fragile areas in the interior of the northwest requires large amounts of water resources. How can we achieve the clean and efficient conversion of coal resources in an environmentally friendly manner? **The continuous expansion of market openness through policy measures has simplified the approval processes for business operations, **reducing the barriers to entry in this industry and enabling more companies to participate in the market. As a result, the domestic wholesale market for refined oil products will become more active and efficient. While this will lead to the creation of more competitive supply chains, what challenges might it pose to China’s capacity to manage resources, as well as to aspects related to safety and environmental protection? The conference contact number is 13391593712. The 2020 Northwest Refined Oil and Coal-to-Oil Market Summit Forum will be held in Xi’an, Shaanxi from September 23 to 25, 2020. We sincerely invite old and new friends in the industry to attend! To work together for the development of the industry, to pave the way for the market, and to help enterprises achieve great success!