At the 2010 National Petroleum and Chemical Industry Economic Analysis Conference held in Huangshan yesterday, Li Yongwu, president of the China Petroleum and Chemical Industry Federation, said that in the first half of the year, China's oil and chemical industry continued to grow rapidly, and the petrochemical industry achieved a total output value of 4.11. Ten billion yuan, a record high in the same period.
Li Yongwu said that in the first half of the year, there were 35,770 enterprises above designated size in the industry, which achieved a total output value of 4.11 trillion yuan, a record high in the same period and a 41.1% year-on-year increase. In terms of sub-industries, the largest increase in the output value of the oil refining and oil and gas extraction industries was 52.9% and 52.3% respectively. Li Yongwu said that the oil refining and oil and gas exploration industry has seen a larger increase. Apart from the fact that the actual growth rate is faster, the more important reason is that all of them were negative growth in the same period of last year and the base number was low. In the first half of the year, the total output value of the chemical industry reached 2.40 trillion yuan, a year-on-year increase of 35.6%. The output value of the chemical industry in the entire industry continued to rise in the first half of the year, rising from 56.31% in January to 60.12% in June.
In the first half of the year, China produced 98.478 million tons of crude oil, an increase of 5.3% year-on-year, a negative growth of 1% in the same period of last year; natural gas production 45.93 billion cubic meters, an increase of 10.8%; crude oil processing volume of 206 million tons, an increase of 17.9%; refined oil production of 122 million Ton, an increase of 14.3% year-on-year. Li Yongwu said that with the rise of international oil prices, the domestic refined oil prices have generally risen steadily. In addition, due to the strong growth of the domestic economy, sales of refined oil products have increased significantly. In the first half of the year, refined oil sales reached 114.97 million tons, a year-on-year increase of 16.3%.
Li Yongwu said that in the first half of the year, there were 35,770 enterprises above designated size in the industry, which achieved a total output value of 4.11 trillion yuan, a record high in the same period and a 41.1% year-on-year increase. In terms of sub-industries, the largest increase in the output value of the oil refining and oil and gas extraction industries was 52.9% and 52.3% respectively. Li Yongwu said that the oil refining and oil and gas exploration industry has seen a larger increase. Apart from the fact that the actual growth rate is faster, the more important reason is that all of them were negative growth in the same period of last year and the base number was low. In the first half of the year, the total output value of the chemical industry reached 2.40 trillion yuan, a year-on-year increase of 35.6%. The output value of the chemical industry in the entire industry continued to rise in the first half of the year, rising from 56.31% in January to 60.12% in June.
In the first half of the year, China produced 98.478 million tons of crude oil, an increase of 5.3% year-on-year, a negative growth of 1% in the same period of last year; natural gas production 45.93 billion cubic meters, an increase of 10.8%; crude oil processing volume of 206 million tons, an increase of 17.9%; refined oil production of 122 million Ton, an increase of 14.3% year-on-year. Li Yongwu said that with the rise of international oil prices, the domestic refined oil prices have generally risen steadily. In addition, due to the strong growth of the domestic economy, sales of refined oil products have increased significantly. In the first half of the year, refined oil sales reached 114.97 million tons, a year-on-year increase of 16.3%.
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