The Giant Dragon, a Future Refined Oil Exporter -- A Hot Topic at China Oil Traders' Conference (COTC)
Date: March 23-26, 2010
Venue: Xiamen, China
PR Newswire
XIAMEN, China, Feb. 9
XIAMEN, China, Feb. 9 /PRNewswire-Asia/ -- China's refining capacity has
been expanding rapidly since 2005, and this expansion era will not conclude
until 2013. It is estimated that a total number of 3.7 million barrels per
day new capacity will come on stream during 2009-2013. Take Sinopec for
instance -- it plans to process 205 million tonnes of crude oil in 2010, or
4.4 million barrels per day.
Meanwhile, China's demand for refined oil will remain stable during the
period. The annual growth of Chinese refined oil demand was only 4.5% from
2006 to 2010, much smaller than the 100 million tonnes additional capacities.
Export therefore becomes a must for Chinese oil producers. This dramatic
change will have a butterfly effect on the Asia-Pacific oil market, and even
the international market.
The topic of China as a future refined oil exporter will be discussed in
the 11th China Oil Traders' Conference (COTC), an annual oil event and the
'APPEC' in China, which will be held by CBI in March 2010. Acknowledged as a
serial conference with the largest scale, highest level and the most practical
content, COTC has attracted over 400 participants every year in the past ten
years.
Join COTC, broadening your insight into the Chinese oil market!
For more information, please log on http://cotc11.c1energy.biz/ or contact
Ms. Cynthia Zhang on +86-21-5155-1657 or cynthiazhang@cbichina.com.
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