China's Oil Industry and Market

by H.H. Wang

Overview

This authoritative book on China's oil demand and government policies and practices rests on two essential foundations: first and foremost on the author's considerable knowledge of China's oil situation and prospects, together with his access to Chinese energy literature and data; and secondly, on that insight afforded to him and, therefore, his readers from his fluency in Chinese.

The author analyzes the Chinese oil market and the rising pressure on Beijing to reform policies which constrain China's ability to meet soaring demand and to pay for crucial imports at a time of growing political and economic uncertainties. Dr Wang acknowledges the importance of China meeting its growing domestic oil demand, if at all possible, through national production. The sheer weight of China's population, and its burgeoning requirements as industrialization spreads into most regions, dwarfs the needs of others and places unprecedented strain on international oil trades.

The author stresses the fact that the outcome is hard to define, yet the time required to tackle the nation's energy needs is not limitless. Moreover, he reminds the reader of the perennial difficulty in meeting widely disparate economic and energy needs in different regions of the vast country.

Product Details

ISBN-13:	9780080430058
Publisher:	Elsevier Science
Publication date:	08/09/1999
Series:	Elsevier Global Energy Policy and Economics Series
Pages:	427
Product dimensions:	1.00(w) x 6.14(h) x 9.21(d)

About the Author

Dr Haijiang Henry Wang is Director of the research sciences group at Quality Strategies, Inc. At Quality Strategies, Inc., the author is in charge of survey design, statistical analysis and modeling. Earlier, he was Manager of Pacific Analysis and Senior Analyst at Energy Security Analysis, Inc., where he authored the monthly China Watch report and direct data analysis, and econometric forecasting. The author has also held the position of Division Chief and Deputy Manager of the Second Credit (Energy Credit) Department of the Bank of China and was affiliated with the World Bank.
The author holds a B.A. in Economics from the People's University in Beijing, an M.A. in the same discipline from the Chinese Academy of Social Sciences, and M.S. and Ph.D. degrees in Energy Management and Policy from the University of Pennsylvania.
The author's publications have appeared in international journals, such as, Energy Policy, Resource Policy, Petroleum Economist, Oil & Gas Journal, Pacific & Asian Journal of Energy, The Journal of Energy and Development, Energy, and Energy Exploration & Exploitation.

Table of Contents

Chapter headings and subheadings: Preface. Economic and Political Outlook. Economic performance: overview and outlook. Political outlook. Oil Policy and its Impact. Oil industry reforms. Oil pricing. Oil distribution policy. Oil import policy. Crude Oil Production. Crude production levels, onshore and offshore. Tarim Basin exploration and development. Projected crude production. Refining Industry: Policy and Industry Prospects. Crude distillation and conversion capacity. Overview of refining capacity plans and assessment of actual changes. Refinery yields and output. Oil transportation. Refining policy. Petroleum Product Demand. Oil in total energy consumption. Gasoline. Diesel oil. Fuel oil. Other refined products. Total petroleum products. Oil Quality and its Environmental Impact. Crude quality. Environmental impact. Supply/Demand Balance: Implications for Trade. Crude oil balance. Petroleum product balance. Can China afford import expenses? Regional oil balance. China's impact on the Asian Market. Impact of crude imports on regional trade flows and crude prices. Impact of product fundamentals on regional supply/demand balances. Impact of product crude spreads. Conclusion. Appendices. Index.

What People are Saying About This

P. Tempest

This text is both an authoritative and comprehensive work of reference on past developments and also a well-judged assessment of the present political, economic and fiscal climate concerning China's oil policy today.

It is the best assessment I have seen...
— (P.Tempest, Director General, World Petroleum Council)

Editorial Reviews

from:P.Tempest, Director General
“This text is both an authoritative and comprehensive work of reference on past developments and also a well-judged assessment of the present political, economic and fiscal climate concerning China's oil policy today.
It is the best assessment I have seen .........” —World Petroleum Council


from:Haijiang Henry Wang
“This authoritative book presents an overall picture of current Chinese politics, energy policy, oil industry regulation, price regulation, important licenses and quotas, the production distribution system, infrastructure and the impact of economic reform on the oil business.
The author stresses the fact that the outcome is hard to define, yet the time required to tackle the nation's energy needs is not limitless.” —Asian Energy News

From the Publisher

This authoritative book presents an overall picture of current Chinese politics, energy policy, oil industry regulation, price regulation, important licenses and quotas, the production distribution system, infrastructure and the impact of economic reform on the oil business. The author stresses the fact that the outcome is hard to define, yet the time required to tackle the nation's energy needs is not limitless.
— Asian Energy News

Henry Wang Haijiang

Presents an overall picture of China's oil demand and government policies, covering energy policy, oil industry regulation, price regulation, licenses and quotas, distribution, infrastructure, and the impact of economic reform on the oil business. Analyzes the Chinese oil market and rising pressures to reform policies which constrain China's ability to meet soaring demand and to pay for crucial imports at a time of growing political and economic uncertainties. Stresses the importance of China meeting its growing domestic oil demand through national production. The author is director of the Research Sciences Group at Quality Strategies Inc. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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