The Giant Dragon, a Future Refined Oil Exporter — A Hot Topic at China Oil Traders' Conference (COTC)
By Cbi Events, PRNEMonday, February 8, 2010
Date: March 23-26, 2010
XIAMEN, China, February 9 - 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 cotc11.c1energy.biz/ or
contact Ms. Cynthia Zhang on +86-21-5155-1657 or cynthiazhang@cbichina.com.
Ms. Cynthia Zhang on +86-21-5155-1657 or cynthiazhang at cbichina.com
