China's refining sector challenges: surging demand, rising imports of sour crudes, new business models

China ranks second in total primary commercial energy consumption after the US and third in total primary commercial energy production after the US and Russia.In 1999, China consumed 16.5 million boe/d of primary energy, consisting of 69.5% coal, 25.0% oil, 2.9% natural gas, 2.1% hydropower, and 0.5% nuclear power. Despite its dominance in China's primary energy mix, coal consumption and production have declined significantly since 1996. For instance, the coal production of a little over 1 billion tonnes in 1999 was 25% lower than the peak production of 1.4 billion tonnes in 1996.China's oil industry plays an important role in China's national economy and social development. I...

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