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China Gas Information

China's strategic oil reserve capacity" Twelfth Five-Year Plan" will reach 350000000 barre

During the "twelfth five-year",China’s strategic petroleum reserve capacity will reach to 350 million barrels according to the forcast of China petroleum and chemical industry federation, the domestic oil production is expected to continue to remain at 200 million tons,and overseas rights will breakthrough one hundred million tons of production; There will be a newly increase of oil refining capacity of 190 million tons, ethylene production capacity of 7.4 million tons, large refining base number will continue to increase; In 2015 there’ll be more than 1500 cubic meters of natural gas production, consumption of 230 billion cubic meters; National strategic petroleum reserve 2 period, three phase of the project will successively built putting-in-service proactively, " twelfth five-year " strategic reserve capacity will end up to 350 million barrel; long lost oil and gas pipelines is expected to be more than 100000 kilometers in total at the end of the  " twelfth five-year ".

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