Talk:Petroleum industry in China

lack of local oil reserves?

The petroleum industry in China after 1949 is strongly affected by the country's growing population and political ideology, as well as its lack of local oil reserves

The first sentence in the article... lack? We have a lack in most of Europes Countries. China at least since the 70's is one of the worlds leading oil producers and until 1993 even a net-exporter. It would be like saying that there is a lack of local oil (and gas) reserves in the United States. Only because it can't meet the high demand, which grew in the last 20 years on an extreme high base it doesn't mean there is a "lack" I think or how I understand this word as someone with bad english basics oly.

The United States are the country on No. 1 or 2 in terms of cumulated oil production since ~1865 but still need to import a billion litres of crude oil a day, it would be even more but their have been a "oil boom" shortly after the shale gas boom, production in the US is on 20-years high (showing that Peak Oil Curve like in the textbook is bulls..it, Alaskas "Peak" in 1988 showed it and the current oil boom shows it (still can get higher in the future, 1 or 2 giant fields in the large area of Alaska or 4-5 "smaller" ones and production could be higher than in 1988 easy). Until the 1950's the USA were the "Saudi Arabia" or "Russia" of today. China produces more than 4 million barrels a day and in the last years the numbers have increased from a bit less than 4 to over 4 million, Daqinq "stabilized" at "over 40 million tons" of oil-equivalent in 2012 (Information from Sinopec), so I think they produce increasingly natural gas in the field too. In 2004 the production of oil in Daqinq was cut to extend the life of the field, seems like this was an success.

The demand is just growing so fast and China became like the US a net exporter of refined oil products. China can deliver markets which were served by western oil companies from European refineries but the US sanctions on Iran for example lead to a big gap, also that the USA import less and export more, to Mexico for example, which of course imports less from Europe too and is trying to increase refinery capacity. Almost every country is trying this now and this will be the absolute end of the "western domination" in the oil sector. First they lost access to many fields or whole countries, or they had to accept conditions that are a joke (Iraq's auctions for example), and now they will lose revenues from Refinery business. Gazprom, Rosneft, China National Petroleum, Sinopec and other Chinese, Russian, Indian companies got the next target: get access to the consumers in Europe and North America. Russian oil (40% of Oil in Germany consumed comes from Russia, far over 50% from Russia, Kasachstan, Azerbaijan, Turkmenistan and the other ex soviet contries except the 3 baltic states that have been kidnapped in 1939)

It will happen, in Europe already thousands of refinery jobs have been lost. Refineries were sold to Companies from India, China or so... because of the overcapacity they closed it or use it as an oil storage, these used as an oil storage lost 80 to 90% of their workers! Kilon22 (talk) 01:23, 3 April 2013 (UTC)

wrong words I think...

Article says:

• 1974: Exports increase to 6.6 million tons. • 1978: Exports increase to 13.5 million tons. • 1985: Exports increase to 20 million tons. • 1993: Internal demand for oil exceeds its domestic production—exports no longer possible.[3]

Sounds like all exports stop when a country produces less than it consumes. China, same as the USA or lets say Germany, never stopped Export even though being net importer. That is what happened, they are net importer. They import more than they export, but net importers can be still major exporters, in Europe for example the "Benelux"-Area (Belgium, Netherland, Luxemburg) produces only a bit oil but the exports are very large. I think in Asia except of China we have Japan which exports products and Singapore is very small but imports large oil amounts and exports refined oil products than since many developing countries do not have enough refinery capacity and the demand is growing in almost all of it and it is not possible always to be at the same level without having refineries making losses... Kilon22 (talk) 18:22, 6 January 2014 (UTC)

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Conflicting Chart Labels

The image at the top of the article is labeled "Chinese Oil Reserves 1960-2015", but the Y axis label in the image is "Millions of Barrels Per Day" - a production figure. — Preceding unsigned comment added by 74.96.218.225 (talk) 19:12, 26 December 2016 (UTC)