The petrochemical industry needs to accelerate the transformation of development methods to deal with the financial crisis
2018-06-27 00:02:12
At the China Petroleum and Petrochemical Industry Economics and Market Symposium recently held, the participating experts pointed out that in response to the financial crisis, the petrochemical industry needs to accelerate the transformation of development methods.
At the recently held China Petroleum and Petrochemical Industry Economics and Market Symposium, the participating experts proposed that to cope with the financial crisis, the petroleum and petrochemical industry must grasp the development opportunities brought about by the expansion of domestic demand and accelerate the change of development mode and structural adjustment.
The conference was co-sponsored by China National Petroleum and Chemical Research Institute and China Petroleum and Chemical Information Institute. The theme of the conference was the impact of the financial crisis on the macro economy and petroleum and petrochemicals, and how the oil and petrochemical industry responded to the financial crisis.
Zhang Jianhua, senior vice president of Sinopec Corp., attended the meeting and delivered a speech. Wang Jiming made a report entitled "The Impact of the Financial Crisis on the Macroeconomy and China's Petrochemical Industry".
Zhang Jianhua said that the financial crisis has brought great difficulties to the production and operation of Sinopec, but at the same time it has also given rise to major opportunities. In the face of the financial crisis, Sinopec has made great achievements by optimizing its procurement, adjusting its structure, and opening up its market with the momentum of “Taishan's top notchâ€. As of the end of November 2008, Sinopec’s crude oil production increased by 1.9% year-on-year, natural gas increased by 3.5%; processed crude oil increased by 5.88% year-on-year, accounting for 54% of the country’s crude oil processing volume; and the production of gasoline, diesel, kerosene, and other three categories of refined oil products increased year-on-year. 10.8%. At present, the rapid spread of the financial crisis has caused a marked slowdown in world economic growth. The oil and petrochemical industry must focus on capturing and grasping rare development opportunities from the changing situation, making good use of development opportunities from the international and domestic mutual transformation, and discovering and nurturing difficulties. Advantageous factors: Grasp the key, highlight key points, keep growth at the core, make full use of both domestic and international markets and two resources, and rely on technological innovation to speed up the transformation of development methods and structural adjustment.
In his report, Wang pointed out that China’s economic and social development has many favorable conditions. It has a strong ability to withstand risks and maintain the vitality of stable and rapid economic growth. China’s economy will never be reversed because of this financial crisis. The financial crisis has provided new impetus and necessary pressure for all major reforms in China. It has also provided strong pressure and impetus for China's petrochemical industry to accelerate structural optimization and change and change the mode of development. The oil and petrochemical industry should seize current opportunities, overcome difficulties, and overcome challenges.
At the recently held China Petroleum and Petrochemical Industry Economics and Market Symposium, the participating experts proposed that to cope with the financial crisis, the petroleum and petrochemical industry must grasp the development opportunities brought about by the expansion of domestic demand and accelerate the change of development mode and structural adjustment.
The conference was co-sponsored by China National Petroleum and Chemical Research Institute and China Petroleum and Chemical Information Institute. The theme of the conference was the impact of the financial crisis on the macro economy and petroleum and petrochemicals, and how the oil and petrochemical industry responded to the financial crisis.
Zhang Jianhua, senior vice president of Sinopec Corp., attended the meeting and delivered a speech. Wang Jiming made a report entitled "The Impact of the Financial Crisis on the Macroeconomy and China's Petrochemical Industry".
Zhang Jianhua said that the financial crisis has brought great difficulties to the production and operation of Sinopec, but at the same time it has also given rise to major opportunities. In the face of the financial crisis, Sinopec has made great achievements by optimizing its procurement, adjusting its structure, and opening up its market with the momentum of “Taishan's top notchâ€. As of the end of November 2008, Sinopec’s crude oil production increased by 1.9% year-on-year, natural gas increased by 3.5%; processed crude oil increased by 5.88% year-on-year, accounting for 54% of the country’s crude oil processing volume; and the production of gasoline, diesel, kerosene, and other three categories of refined oil products increased year-on-year. 10.8%. At present, the rapid spread of the financial crisis has caused a marked slowdown in world economic growth. The oil and petrochemical industry must focus on capturing and grasping rare development opportunities from the changing situation, making good use of development opportunities from the international and domestic mutual transformation, and discovering and nurturing difficulties. Advantageous factors: Grasp the key, highlight key points, keep growth at the core, make full use of both domestic and international markets and two resources, and rely on technological innovation to speed up the transformation of development methods and structural adjustment.
In his report, Wang pointed out that China’s economic and social development has many favorable conditions. It has a strong ability to withstand risks and maintain the vitality of stable and rapid economic growth. China’s economy will never be reversed because of this financial crisis. The financial crisis has provided new impetus and necessary pressure for all major reforms in China. It has also provided strong pressure and impetus for China's petrochemical industry to accelerate structural optimization and change and change the mode of development. The oil and petrochemical industry should seize current opportunities, overcome difficulties, and overcome challenges.
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