China’s oil market is on the threshold of a new era characterized by the integration of the refining and chemical sectors, greater competition and more challenges.
Two large refining-chemical projects came on line in 2019 and more are on the way, while existing refiners are planning to boost refining-chemical integration to position themselves better in increasingly tense competition. Despite the removal of small and outdated refiners, the country’s refining capacity will keep growing, and China will depend more on crude from the Middle East, Africa and Russia to ensure its energy safety amid a protracted trade war between the US and China.
In the meantime, as rising production and gradual market liberalization continues to intensify domestic competition, Chinese refiners will have to export more refined oil.
The country is also faced with an inevitable switch from heavy dependence on import for bonded bunker fuel to the production of low-sulfur fuel, because of the IMO’s 2020 sulfur cap.
The market is starting to see drastic changes and it has to evolve a new way of development to rise to the challenges of the new era. Meanwhile, what opportunities will this era of changes and reforms bring?
You are welcome to find out about all this with JLC at its Oil and LPG Forum in Abu Dhabi!
JLC Oil and LPG Forum
Registration (Please bring along your business card)
Welcome Remarks: Crystal Yeo, Sales Director, JLC Global
Refining Oil Session:
Speaker: Amanda Zhao, General Manager, JLC Global
Q & A
Bunker Fuel Session:
Speaker: Maggie Han, Senior Analyst, JLC Beijing
Q & A
Coffee Break & Network
Speaker: Wu Guodong, Senior Analyst, JLC Shandong
Q & A
JLC, with headquarters located in Beijing and branch ofﬁces in Shanghai, Shandong, Guangzhou, and Singapore, is a leading provider of market intelligence and pricing solutions for energy and commodities in China. As a close partner of the National Development and Reform Commission (NDRC), we are providing our oil, gas and petrochemical price data on the NDRC Price Monitoring Center online platform.
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