Let’s discuss in detail the **nine planned oil refining bases**

Haha, I live in one of those cities; I just didn’t realize that Shanghai is also a major oil refining hub

I think this refinery should have been built a long time ago! Upon closer inspection, you will notice a problem: these nine cities are all located in the east and are mostly coastal cities; their urban populations and economic strengths rank among the highest in the country. Of the nine cities, apart from Quanzhou, the other 8 are all located in China’s three major industrial hubs! This is very beneficial for the economic development of eastern China! It is also very beneficial for the development of China’s economy! So I fully support **’s decision!

Why isn’t there a Jieyang project for 50 million tons of oil refining and 1 million tons of ethylene production?

Can Quanzhou also become an oil refining base?

Why aren’t the three northeastern provinces included? !

Sinopec has made another huge profit; all four projects with a capacity of 30 million tons each were built by Sinopec. Shanghai, Nanjing, Zhenhai, Maoming.

Does Nansha Petrochemical also fall within Guangzhou’s 30 million-ton threshold?

Petroleum Industry Revitalization Plan Released; 9 Major Refining Facilities to Be Built in Next 3 Years 2009-02-25 02:06:00 Key point: The petroleum industry revitalization plan has finally been released. It is reported that three super-large refining facilities with a capacity of 30 million tons each in Shanghai, Ningbo, and Nanjing have been included in the plans formulated by the Energy Bureau of the National Development and Reform Commission. As a result, within the next three years, 9 major refining bases will emerge along China’s coast to receive imported crude oil by sea. 　　According to a report by People’s Daily on February 25, the plan for revitalizing the petrochemical industry has finally been released, with the much-anticipated refining sector receiving a note stating that \"projects under construction should be advanced actively.\" 　　“This revitalization plan was primarily developed by the Industry Coordination Department of the National Development and Reform Commission, while another relevant department, the Energy Bureau, has its own plans for oil refining. ”On February 24, a senior official from the China Petroleum and Chemical Industry Association told our reporter. 　　It is reported that the three super-large oil refining complexes with a capacity of 30 million tons each in Shanghai, Ningbo, and Nanjing have been included in the plans of the Energy Bureau under the National Development and Reform Commission. As a result, within the next three years, 9 major refining bases will emerge along China’s coast to receive imported crude oil by sea. 　　In the energy agency’s oil and gas plan for the next 3 years, the construction of large-scale refining complexes consists of three components: accelerating the construction of upgrades and expansions for refineries such as those in Zhenhai and Maoming ； Meet the construction requirements and initiate the construction of large-scale oil refining projects in Sichuan, Guangzhou, Quanzhou, Shanghai, and other locations ； Actively promote large-scale refining projects jointly established in our country using crude oil resources provided by enterprises from countries such as Venezuela, Qatar, and Russia. 　　Ultimately, \"large-scale oil refining bases will be gradually established in cities such as Ningbo, Shanghai, and Nanjing, with production volumes exceeding 30 million tons per year, as well as in Maoming, Guangzhou, Huizhou, Quanzhou, Tianjin, and Caofeidian, where production volumes will exceed 20 million tons per year.\" 　　However, amid the risk of an economic downturn, while the simultaneous launch of large-scale refining projects can boost domestic demand, they also face the challenge of declining demand for petroleum products. 　　Three major bases converge in the Yangtze River Delta. \"Around this year, we were concerned about the impact of the financial crisis (which could lead to the suspension of some ongoing projects). However, the Energy Bureau of the National Development and Reform Commission set very ambitious targets, proposing three oil refining bases with a capacity of 30 million tons each; it also took a proactive approach to finalizing those projects that had not yet had a decision made regarding them.\" ”A researcher at Yimao Information told our newspaper reporter. 　　For the 30-million-ton refining base project, Zhenhai Refining & Chemical has already shown clear signs of being the preferred candidate. 　　In May 2008, Zhenhai Refining & Chemical, China’s largest oil refinery and located in Ningbo, announced that Sinopec’s headquarters had decided to increase Zhenhai Refining & Chemical’s crude oil processing capacity from 20 million tons to 23 million tons by September 2009. At that time, some in the industry speculated that Zhenhai Refining & Chemical’s next goal would be to reach 30 million tons per year. 　　Regarding the situation in Shanghai and Nanjing, an industry insider analyzed for our newspaper, saying, \"A refining base does not necessarily have just one refining project; it is quite possible that several projects together result in a production capacity of 30 million tons.\" ” 　　On October 11, 2008, Sinopec Group signed a framework agreement with Shanghai **, one of the provisions of which was to strengthen cooperation on an integrated refining project in the Shanghai Chemical Industry Zone. The scale of this project, as well as the approval status by the National Development and Reform Commission, have never been disclosed to the public. 　　“This project should be distinct from Shanghai Petrochemical and Takahashi Petrochemical. In this project, Shanghai’s **has more influence than in the previous two projects. ”Zhong Jian from Dongfang Oil and Gas Network told our newspaper. 　　Sinopec’s new project in the Shanghai Chemical Industry Zone will be the main source of new refining capacity in the Shanghai area. “Large-scale refining projects also have a capacity of over 10 million tons each; together with the production capacities of Sinopec and Takahashi Petrochemical, Shanghai’s total refining capacity could approach 40 million tons per year. ”The above-mentioned individuals analyzed for this newspaper. 　　It is somewhat surprising that Nanjing has been included as a 30-million-ton oil refining base. In 2007, Jinling Petrochemical’s crude oil processing volume reached 10.73 million tons, making it the first refining facility along the Yangtze River to reach this volume level. Another local refining company, Yangzi Petrochemical, also has a production capacity of around 10 million tons. It is still unclear where the other 10 million tons will come from. 　　Sinopec emerges as the winner. In the plan for the construction of refining facilities over the next three years issued by the Energy Bureau, the southeastern coastal region reaps the greatest benefits. Data provided by Yimao Information shows that previously, the refining capacity along the southeast coast accounted for less than 50% of the country’s total refining capacity. 　　“In terms of refining projects, coastal cities are gaining increasing favor. On the one hand, this is because most of the additional crude oil needed in China in the future will have to be imported, and on the other hand, the southeastern coastal region has a high demand for refined oil products. ”Analysis by researchers at Yimao Information. 　　Currently, China’s dependence on imported oil is close to 51%. According to the predictions of the Ministry of Land and Resources, if exploration efforts are not intensified and the mode of economic development is not changed, China’s dependence on imported oil will rise to 60% by 2020. 　　According to figures provided by the China Petroleum and Chemical Industry Association, in 2008 China produced nearly 190 million tons of crude oil, a 2.3% increase on the previous year. During the same period, China imported 179 million tons of crude oil, representing a 9.6% rise compared to the previous year. 　　Sinopec is the biggest beneficiary of the adjustments in China’s refining landscape. “The southeastern coast covered by this plan has always been within Sinopec’s traditional sphere of influence, so this outcome is not surprising. ”As the aforementioned individuals analyzed. 　　Regarding the projects mentioned above, those in Sichuan and Huizhou are under CNPC and CNOOC respectively, while the projects in Guangzhou, Shanghai, Ningbo, Nanjing, and Maoming all belong to Sinopec. It is also likely that the projects in Quanzhou, Tianjin, and Caofeidian will ultimately fall under Sinopec’s control. 　　The other side of expansion However, for Sinopec, the commissioning of multiple refining and chemical projects will also mean a higher debt ratio. 　　In a article written in January, Zhang Guobao, head of the Energy Bureau, stated that \"China Petrochemical’s debt-to-asset ratio is above 60%, its cash flow is extremely tight, banks are reluctant to provide loans, and there are no further funds available to carry out new investment plans.\" ” 　　Without substantial financial subsidies, Sinopec would have incurred its first loss since going public in the first half of 2008. According to its semi-annual report, in the first half of 2008, its refining division incurred a loss of 46 billion. 　　Sinopec’s financial pressures also stem from its upstream expansion plans. Recently, Sinopec, which aims to strengthen its upstream resources, has been actively involved in international negotiations to acquire oil and gas assets. 　　In February 2009 alone, there were reports that Sinopec was seizing the opportunity to attempt to acquire a 20% stake in Repsol YPF, the European oil and gas giant owned by the Spanish Savii Group; it was also said that Sinopec might invest $130 million to buy Ural Energy, a mid-sized Russian oil company. Repsol YPF is a global integrated oil, gas, and chemicals company, ranking eighth in the world. 　　For the entire oil refining industry as well, there are concerns regarding capacity expansion. 　　“Under such economic conditions, expanding demand is more important than increasing production capacity. Rather than strengthening the construction of refining projects to boost domestic demand, it is better to provide more support to small and medium-sized enterprises in order to directly increase market demand. ”Han Xiaoping, CEO of China Energy Network, told our newspaper’s reporter. http://bbs.hcbbs.com/viewthread.php?tid=398910

Those in the petrochemical industry know that the integrated development of refining and petrochemical operations is the trend of the times; if only refining projects are planned, what plans exist then for the downstream petrochemical projects? Has the raw material balance for other large ethylene projects across the country been settled? This is a big deal. Decision-makers must not let... cause.... Such as Daqing. Due to the lack of plans for large-scale oil refining projects in Daqing, raw materials for large ethylene production may become an issue in the future. In the future, only refineries in the Daqing area will remain, functioning as plants for processing raw materials used in the petrochemical industry. **The pattern of oil and gas supply has always been to transport oil from the north to the south, and natural gas from the west to the east. With this layout, the oil demand in the developed eastern regions can be met. It also facilitates the import of crude oil and natural gas for processing, as well as offshore crude oil. However, an excessive concentration along the coast is not conducive to **oil supply security. In any case, the raw materials for ethylene production in our country must come from oil refining projects; natural gas and light hydrocarbon resources are far from sufficient. It is more reasonable to plan the overall supporting projects first.

Most of them are located near the seven major military regions and other **bases, and can be used for both military and civilian purposes.

It promotes economic development in peacetime and serves as excellent military supplies in wartime. Strategic reserves, long-term planning, to deter actions in the Taiwan Strait.

I’m afraid that in the event of war, these refineries will be among the first to be targeted.

It is hoped that the environment will be taken into consideration during the construction process.

For the projects built in these areas, it is hoped that the local residents won’t have to travel around in search of jobs

Geographically, the distribution is fairly even; however, there are too many projects in Guangdong. It might be advisable to reduce the number by one – Guangzhou should probably be excluded. The Nansha project in Guangzhou could be relocated; Huizhou and Maoming would suffice. Additionally, there is also the BP project in Zhuhai, Guangdong, and the Dongxing project in Zhanjiang, which is quite large in scale. CNPC intends to launch a project with a capacity of 20 million tons in Jieyang. In neighboring Guangxi, Qinzhou has an oil refining project with a capacity of 10 million tons. Looking ahead, the economic potential of the Yangtze River Delta will be greater than that of the Pearl River Delta; therefore, it makes sense to have three projects in the Yangtze River Delta. It would be best to develop one project in the Jiaodong Peninsula or Liaodong Peninsula in the north.

A environment-friendly oil refining base needs to be established

During the difficult times of the financial crisis, building nine major oil refining bases helped stimulate domestic demand and create many jobs, thereby reducing the negative impact of the financial crisis on China’s economy. Energy infrastructure is fundamental; with sound central decision-making, major construction projects can be supported.

This is related to the relatively developed economies in coastal areas, as such developed economies require energy support. When the economy in the western region develops in the future, there will also be oil refining bases.

Refining bases still need to be established in a manner suited to local conditions; setting up refining bases in the western region merely to promote its development is unreasonable. . . We **have too many of these kinds of things.** . .