Most willing to jointly develop the oil refining a

2022-08-17
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Willing to jointly develop the oil refining and chemical industry with Arab countries on March 22, Wang Yupu, chairman of Sinopec, expressed his willingness to jointly develop the oil refining and chemical industry with Arab countries when talking with 14 senior media in the company's headquarters

Wang Yupu said that at present, China has put forward the initiative of building the "Silk Road Economic Belt" and the "21st century Maritime Silk Road" ("the Belt and Road"), which can be opposite to the economic development plans of Arab countries. Sinopec is willing to give full play to its rich experience and technical advantages accumulated in the oil refining and chemical industry for more than 30 years, and vigorously cooperate with Arab countries in oil refining and chemical technology, engineering services and equipment manufacturing, so as to help Arab countries develop oil refining and chemical industry

Arab countries and China have natural complementarity of resource advantages and technological advantages in the oil refining and chemical industry. The market has proved that Sinopec's technology and services have a very good cost performance. The company's market-oriented technical route has a late mover advantage in today's market competition. It has mastered the complete technology of oil refining, ethylene and aromatics that has reached the world's advanced level and some of which have reached the world's leading level. Some technologies and products have been exported abroad, and it has the ability to rely on its own technology to build ten million ton oil refineries Capacity of million ton ethylene unit and million ton aromatic hydrocarbon unit

it is reported that the cooperation between SINOPEC and Arab countries has a very broad prospect. First, Arab countries have their own needs. Allah Belgium is rich in oil resources, but people of insight in Arab countries have realized the defects of over reliance on oil and gas resources, are accelerating the adjustment of industrial structure, promoting the development of petrochemical industry, planning and building a number of large-scale future oil refining and chemical projects, and hope to transform resource advantages into capacity advantages. It is reported that in the next five years, the speed control oil capacity of the moving beam of the experimental machine under construction and planned to be built in the Middle East Gulf countries will reach 95million tons/year, and the production capacity of petroleum chemicals will reach 54million tons/year. Sinopec is willing to give full play to its advantages in refining and chemical capacity construction, export refining and chemical technology and equipment to countries in need, and accelerate the development of petrochemical industry in relevant Arab countries

second, Sinopec has experience in cooperation. Sinopec is the largest importer of crude oil in Arab countries. In 2015, crude oil imports from Arab countries accounted for 54.9% of Sinopec's total crude oil imports; It has invested in refining and chemical projects such as Yanbu refinery in Saudi Arabia, and exports chemical products such as catalysts and lubricants to Arab countries every year; At the same time, in 2011, China also imported a large number of refined oil, polyethylene, polypropylene, synthetic rubber and other products from Arab countries every year. Over the years of in-depth cooperation, we have established a good relationship of trust and accumulated rich cooperation experience. Arab countries can develop modern oil refining and chemical industry through technology transfer, construction with capital and joint venture cooperation

third, China has strong refining and chemical technology. China has become a major country in the world's petrochemical industry, and most of the petrochemical products production capacity ranks in the forefront of the world. In 2014, China's oil refining capacity reached 750million tons/year, accounting for about 15.6% of the world's total capacity, ranking second only to the United States; Ethylene capacity is 20.43 million tons/year, accounting for about 13.1% of the global total capacity, ranking second in the world; The capacity of synthetic resin, synthetic rubber and synthetic fiber accounts for 35% of the world's total capacity, ranking first in the world. Among them, Sinopec is now the world's largest oil refining company and the largest chemical company, with the total number of gas stations ranking second in the world and ranking second among the Fortune Global 500 enterprises in 2015

in the process of rapid development of petrochemical industry, Chinese scientific and technological personnel, including Sinopec, adhere to independent innovation and constantly improve the level of petrochemical technology. They have mastered complete sets of technologies for oil refining, ethylene and aromatics that have reached the world's advanced level and some of them have reached the world's leading level. Some technologies and products have been exported abroad, and they have the ability to rely on independent technology to build ten million ton oil refineries Capacity of million ton ethylene unit and million ton aromatic hydrocarbon unit

in January this year, Sinopec established a Middle East R & D center in Saudi Arabia, which focuses on basic, forward-looking and applied technology research. It is the company's Applied Technology Research Center, technology promotion support center and senior talent training center in the Middle East. The establishment of this R & D center will help the petroleum and petrochemical industry in Arab countries flourish and promote the cooperation between the company and Arab countries to a new level

fourth, China's oil refining and chemical engineering technical services have advantages. China has strong refining and chemical engineering consulting, design, construction, supervision and project management capabilities, and has cultivated a large number of professional construction teams with rich practical experience and good at hard work, which can provide EPC services for large-scale refining and chemical projects from process package to start-up and commissioning, with high cost performance

according to incomplete statistics, since 2000, China's refining and chemical engineering enterprises, as EPC general contractors, have been responsible for the construction of more than 20 "the Belt and Road" national refining and chemical projects, of which Sinopec has completed a total amount of 8.8 billion US dollars of overseas contracts and is executing a total amount of 4.6 billion US dollars of overseas contracts. The implementation of these projects has won the good reputation of countries along the "the Belt and Road"

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