The crude oil output was 1. 84 billion tons in 2006, increasing 17% y-o-y, which was 22% lower than y-o-y increase in 2005. In addition, crude oil possessed was 3.07 billion tons, rising 63% y-o-y.

The apparent consumption of refined oil was 1. 80 billion in China in 2006, increasing 72% y-o-y; hereinto the apparent consumption of gasoline, kerosene and diesel oil was 524. 75 million tons, 11. 51 million tons and 1. 16 billion tons, ascending 87%, 97% and 63% y-o-y respectively.

The export volume of refined oil was 79. 93 million tons in China in 2006, down 184% y-o-y, while the import volume of refined oil was 63.94 million tons in China, up 699% y-o-y; Such decrease in export and increase in import a shows that the foreign trade dependence of the refined oil industry in China rose dramatically, it was -089% in 2006, up 266% y-o-y. 

The international crude oil price reached the climax in 2006, USD 78/barrel in August, and then it began to drop in Sep, which also lowered down the cost of domestic refineries. Then on Jan 14, 2007, National Development and Reform Commission announced to reduce the price of refined oil in China.

2 Change of Policy Environment of Oil Refinery Industry in China, 2007-2010 
2.1 Middle and Long-term Plan 
2.2 Refined Oil Price Adjustment 
2.3 Environment Protection, Energy-saving and Consumption Reduction 
2.4 Tariff and Trade Policy 
2.5 State Strengthens the Management on Petroleum-substitution Resource 

3 Demand and Forecast of Oil Refinery Industry in China, 2007
3.1 Overall Demand of Refined Oil 
3.2 Gasoline Consumption 
3.3 Kerosene Consumption 
3.4 Diesel Oil Consumption 
3.5 Fuel Oil Consumption  
3.6 Lubricating Oil Consumption 
3.7 Price Change of Main Oil Products 
3.8 Factors Influencing Demand and Price Change of Main Oil Product Market in China 
3.9 Forecast of Petroleum Market in China 

4 Forecast of Supply and Balance between Supply and Demand of Oil Refinery Industry in China, 2007 
4.1 Supply of Oil Refinery 
4.2 Crude Oil Processing Amount 
4.3 Gasoline Output 
4.4 Kerosene Output 
4.5 Diesel Oil Output 
4.6 Lubricating Oil Output 
4.7 Fuel Oil Output 
4.8 Forecast of Balance between Supply and Demand of Oil Refinery Industry

5 Analysis and Forecast of Refined Oil Import and Export in China, 2007-2008 
5.1 Import 
5.1.1 Import Scale 
5.1.2 Analysis by Country 
5.1.3 Refined Oil Import Means 
5.1.4 Refined Oil Import Enterprises 
5.1.5 Analysis by Variety 
5.1.6 Main Factors Influencing Refined Oil Import in China in the Future 
5.2 Export 
5.2.1 Export Scale 
5.2.2 Analysis by Country 
5.2.3 Refined Oil Export Means 
5.2.4 Refined Oil Export Enterprises 
5.2.5 Analysis by Variety 
5.2.6 Main Factors Influencing Refined Oil Export in China in the Future 
5.3 Forecast of Import and Export of Refined Oil in China during the 11th Five-year Period 

6 Investment and Operation Performance of Oil Refinery Industry in China, 2007 
6.1 Investment 
6.2 Main Oil Refinery Projects in China 
6.3 Operation Performance 
6.4 Operation of Oil Refinery Industry Improved Gradually 

7 Forecast of Key Regions of Oil Refinery Industry in China, 2007 
7.1 Regional Characteristics 
7.2 Liaoning 
7.2.1 Overall Introduction  
7.2.2 Loss for Four Successive Quarters 
7.2.3 Development Conditions 
7.3 Shandong 
7.3.1 Overall Introduction  
7.3.2 Whole Industry Gained Profits in 2006 
7.3.3 Development Conditions 
7.4 Guangdong 
7.4.1 Overall Introduction  
7.4.2 Industry Performance Dropped Continuously  
7.4.3 Development Conditions 
7.5 Shanghai 
7.5.1 Overall Introduction  
7.5.2 Whole Industry Made the Loss  
7.5.3 Development Conditions 

8 Key Enterprises 
8.1 Zhenhai Refinery & Chemical Co., Ltd 
8.1.1 Production 
8.1.2 Output 
8.1.3 Development in 2006 
8.2 Maoming Petrochemical Co., Ltd 
8.2.1 Production 
8.2.2 Output 
8.2.3 Development in 2006 

9 Risk of China Oil Refinery Industry, 2007 
9.1 Main Risks 
9.1.1 Changeable Crude Oil Price 
9.1.2 Change of Price Fixing System of Refined Oil 
9.1.3 Change of Government Policies 
9.1.4 International Environment 
9.2 Risk of Oil Refinery Industry in China