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China pursues world-class refining facilities with OPEC partners

GasBuddy Blog -- When the world's largest oil producer (Saudi Arabia) partnered with the world's second largest oil consumer (China) in January, strangely it drew little attention in U.S. media.

But it is this latest development that reflects strikingly disparate national perspectives on refining capacity and global needs.

While rising crude oil prices exert pressure on refineries worldwide, different countries seek solutions in different ways. In the U.S. we are losing refining capacity annually and yet we continue to regulate them out of existence. China, on the other hand, partners with Middle Eastern suppliers and builds for the future.

China's latest deal is simply "the largest expansion by any oil company in the world...


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Submitted Mar 19, 2012 By: PD
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ZhuZhu2012
Rookie Author Los Angeles

Posts:4
Points:360
Joined:Mar 2012
Message Posted: Mar 28, 2012 10:38:22 PM

In other words, China knows what the hell they are doing!!! They (the world) won't need the dollar soon, just wait.
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Vette1967
Champion Author Albany

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Message Posted: Mar 23, 2012 10:27:53 PM

China is gearing up for some serious fuel usage.
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bruin19MD
Champion Author Maryland

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Message Posted: Mar 23, 2012 9:26:34 PM

wow ... great article
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Subdivisions
Rookie Author Texas

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Message Posted: Mar 22, 2012 3:27:44 PM

Let's face it. China has seen the writing on the wall, re: oil production. They are flying around on business class tickets making handshake deals with oil producters/exporters. Meanwhile, we Americans fight and bicker amongst each other about stupid shit that has nothing to do with moving our country forward.

Not only are we not doing anything as citizens, but our "leadership" is also compromised. Our Congress can't agree on anything of substance and are bought and paid for by corporate sponsorships. Wall Street is too goddamned greedy to do their part in easing gas prices. And the president is vilified, hated, and undermined by half the population who think he's a Muslim imposter from Kenya (yes, I'm looking at you tomok).

How the hell are we supposed to compete with the deadly logical and methodical way of the Chinese when we can't even get our own shit together?

Speaking of China... The same people who hate Pres. Obama just love to shop at Wal-Mart. Obama is taking us into socialism yet these idiots will go right down to Wal-Mart and buy a new microwave oven or coffee maker, making communist China-supporting Wal-Mart the largest retailer in the U.S. while all the mom-and-pop businesses they killed are no longer supporting AMERICA and AMERICAN jobs.

And one final thing. Oil extraction rates have been flat since mid-2004. That's 8 YEARS! EIGHT YEARS of flat production of crude oil. It's common knowledge, indeed a FACT, that all the cheap, easy oil is GONE! What we're left with is sludge, tar, and asphalt. And that crap doesn't work in most of the refineries in the U.S. that were designed to process LIGHT SWEET (the good) oil, not heaver, sour sludge, tar, or asphalt from "tar sands" and shale rock. We are in a state of peaking crude oil production, what has long been called the "bumpy plateau". Flat global oil production for 8 YEARS despite profits from high oil/gas prices. And without growth in oil production, THERE CAN BE NO ECONOMIC GROWTH. China is doing what anyone smart nation would do, making handshake deals like the one with Saudi Arabia for this refinery. We Americans, on the other hand, prefer to blast our way into other sovergeign nation's oil fields making enemies everywhere and costing us the lives of our soldiers, the lives of millions of innocent brown people, and our nation's reputation and treasure.

America is a pathetic, petulant little child compared to the Chinese and it's our own damned fault. So quit your whining and suck it. We made our own bed and now we will surely lie in it.
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Edpap
Champion Author Pennsylvania

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Message Posted: Mar 21, 2012 2:17:46 PM

No one seems to have the interests of the USA in mind. Doesn't anyone find that strange? Why is the media silent?
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96sc1
Champion Author El Paso

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Message Posted: Mar 20, 2012 11:14:38 PM

U.S. companies should doing the same thing - it looks as though there would be less red tape than trying to do anything here.
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doctorindyj
Champion Author Santa Fe

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Message Posted: Mar 20, 2012 10:43:31 AM

China is number two and yet they seem to be number one when it comes to their usage driving up the price of oil.
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feistyfella
All-Star Author Detroit

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Message Posted: Mar 20, 2012 7:33:17 AM

I'm shocked!
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tomok
Champion Author Portland

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Message Posted: Mar 20, 2012 3:14:00 AM

China will do what is necessary and what it takes for their future. Something the US has no clue what to do.
All Barry can do is spend taxpayer money and support natural gas and oil production for sale on the world market to pay for his ‘spending gone wild’ addiction. OMG=BMG!
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible.
The price of fuel at the pump is too high!
12/22/2012!
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runinoutagas
Champion Author San Bernardino

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Message Posted: Mar 20, 2012 2:49:34 AM

??!
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CdnLynx
Champion Author Ontario

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Message Posted: Mar 20, 2012 1:45:22 AM

Facts in society is becoming a lost commodity; dealing with facts are the only way a society will ever be able to solve problems positively.
Rhetoric, misinformation, urban myth/legends only falsehoods; don't just shoot something out there, hoping it will stick. Misinformation is only that; what's the point as you're just wasting valuable time, might as well do something else more constructive.
1. Canadian crude in predominately found in Alberta & Saskatchewan; some is refined there. All Canadian pipelines flow south into the U.S; with one terminating in Sarnia ON.; there are no Canadian pipelines into eastern Canada. All crude into eastern Cdn. refineries are from off-shore (ie Venezuela, N. Sea, Saudi Arabia etc).
I know of no EXXON pipeline into Canada for other international markets; or being shipped back into U.S. (makes no sense for needless round trips).
N. American Pipelines Including Canadian MAP
2. Reports of American Oil being shipped off-shore for more profit vice remaining in U.S or even N. America, makes no sense as gulf coasts refineries have excess refining capacity. Eastern U.S. refineries are being shut down due to myriad of reasons, age, lack of crude, prohibitive production costs, etc. Not sure I buy all those reasons; however that's the reasons given.
Saudi Arabia is planning to ship massive petroleum to the U.S gulf coast in an effort to get energy prices down. IF America is allegedly shipping off-shore; then why is Arabia shipping mass amounts to America.
The oil price that launched a wall of ships (previously posted on GasBuddy)
Since oil was discovered, America (lower 48)has been pumping from the ground its liquid gold, its conceivable that what oil remains will only be recovered with fracking; that's why fracking been introduced. Fracking is new and with unknown consequences.
The Republican, Democrat fighting is just that fighting for control of the prize. If the Republicans get in, I would be very surprised if anything changes. Your only kidding yourself if you think things will change.
Oil is a nonrenewable commodity that will eventually run out; oil industry knows this and are out to get as much as they can now.
There has been other misinformation, however I am tired and can't think on any others at the moment. C'mon plse stick with facts; proven from multiple sources.
Facts are the only way to solve anything!!

[Edited by: CdnLynx at 3/20/2012 1:48:32 AM EST]
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CdnLynx
Champion Author Ontario

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Message Posted: Mar 20, 2012 1:11:38 AM

Please read the article. The refinery is not being built in China

"China's latest deal is simply "the largest expansion by any oil company in the world", and as a result, Sinopec's deal earlier this year with Saudi oil giant Aramco will allow a major oil refinery to become operational in the Red Sea port of Yanbu by 2014.

The $8.5 billion joint venture, which covers an area of about 5.2 million square meters, is already under construction. It will process 400,000 barrels of heavy crude oil per day. Aramco will hold a 62.5 percent stake in the plant while Sinopec will own the remaining 37.5 percent."
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LostToo
Champion Author Illinois

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Message Posted: Mar 20, 2012 12:53:56 AM

Yeah....Just wait..... The biggest refinery will also become the biggest refinery fire in the near future. As China cares nothing for it's people or their safety. Short cuts abound.
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TBONE3
Champion Author Pennsylvania

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Message Posted: Mar 20, 2012 12:52:49 AM

Its easier and cheaper to build such a plant in China than here and China doesn't care about the environmental impact. The US takes the high road! There must be a fair compromise here somewhere.
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frostyWV
Champion Author West Virginia

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Message Posted: Mar 20, 2012 12:52:26 AM

as should we.
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MDTDriver
Champion Author California

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Message Posted: Mar 20, 2012 12:49:22 AM

Does back sliding sound right?
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Scoutca
All-Star Author Orange County

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Message Posted: Mar 20, 2012 12:46:54 AM

The more regulations you put on a plant the more costly it is to
operate. Haven't been upgrading on a regular basis and finally need
to shut them down to upgrade to make the required regulations of the
EPA and government regulators!!
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cmsense
Champion Author Columbus

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Message Posted: Mar 20, 2012 12:41:29 AM

We got to rid ourselves of regressive knuckle draggers who remain uneducable and truly living in the 19th century!!
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TIGERPAW46
Champion Author Florida

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Message Posted: Mar 20, 2012 12:41:03 AM

Our country continues to backslide more daily.
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2bigtanks
All-Star Author Akron

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Message Posted: Mar 20, 2012 12:38:38 AM

Surprise surprise.
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BobD2009
Champion Author Long Island

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Message Posted: Mar 20, 2012 12:38:19 AM

We have to rid ourselves of these anti progress greenies and start building are own refining facilities. We need these refineries to get manufacturing back in America. We need their products and the jobs that come with them.
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Buddy2264
Champion Author Tampa

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Message Posted: Mar 20, 2012 12:38:19 AM

We are going to wish we had more refining in the US in the future. But if we find a good alternative and use it, it will not matter.
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cmsense
Champion Author Columbus

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Message Posted: Mar 20, 2012 12:38:18 AM

Breath of fresh air in China-NOT!!!
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otherdave
Champion Author Indiana

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Message Posted: Mar 20, 2012 12:33:31 AM

Face it folks, if China calls in all their markers we're screwed. Decades of sending jobs overseas and giving preferential trade status to former enemies has come home to roost.
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VetteBlue
Champion Author San Jose

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Message Posted: Mar 20, 2012 12:32:36 AM

No surprise.
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yakstar
Champion Author Montreal

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Message Posted: Mar 20, 2012 12:30:46 AM

pass me an eggroll!
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TheeRedRam
Champion Author Hartford

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Message Posted: Mar 20, 2012 12:30:32 AM

Hummmmm
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jrschl
Champion Author Louisville

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Message Posted: Mar 20, 2012 12:28:21 AM

A service economy can't support a country forever. We need to bring manufacturing jobs back and loosen legislation over building refineries.

Can't compete with a Socialist government with some intelligence running it. China is looking ahead and not resting on their laurels. We need to have DC get their head out of the sand.
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pastorpaulcg
Champion Author Virginia

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Message Posted: Mar 20, 2012 12:26:50 AM

Sounds like good business...maybe we could be their best customers
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LoneGuy
Champion Author Lansing

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Message Posted: Mar 20, 2012 12:25:32 AM

It is great to be a non debter nation like China. The are using dollar assets to buy commodities and build infrastructure in country. If our nation could do the same!
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vulcan96
Champion Author Ohio

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Message Posted: Mar 20, 2012 12:23:01 AM

no big surprise.....
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bigoilscamsus
Champion Author Lansing

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Message Posted: Mar 20, 2012 12:21:45 AM

mikerroy and eppylover,--- Thank you for the vote of confidence! I will continue to try to expose Big Oil for it's control of our economy and to press for Congress to hear the cry of the people before our country is in deeper trouble than we are right know!!
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jpgredwine
Champion Author Hartford

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Message Posted: Mar 20, 2012 12:21:03 AM

Why doesn't OPEC just come over here and build us a couple of brand spanking new refining facilities?
It's not like we haven't been buying anything from them lately.
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DJRIO
Champion Author Miami

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Message Posted: Mar 20, 2012 12:20:40 AM

there something deadly wrong with this picture
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heartbroken2010
Champion Author Ottawa

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Message Posted: Mar 20, 2012 12:17:38 AM

they can use lots of oil.
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fullauto
Champion Author Reading

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Message Posted: Mar 20, 2012 12:13:13 AM

can
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tedjm1
Champion Author New York

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Message Posted: Mar 20, 2012 12:13:04 AM

America seems headed to change itself into a third world country. A shame on our politicians. Sent jobs overseas and more. We have no true manufacturing in our country. We buy steel and other items that we used to produce & sell to the world. The USA could not go into a world war as it did in 1941. No supporting structure at home and no way to build it any more.
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HEBster
Champion Author Kentucky

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Message Posted: Mar 20, 2012 12:12:50 AM

Whatever China wants...
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LegoVasavouchi
Champion Author Oklahoma

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Message Posted: Mar 20, 2012 12:11:42 AM

Fascinating.
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LanguageMan1
Champion Author Tampa

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Message Posted: Mar 20, 2012 12:09:36 AM

I'm sure they will and they'll need it all.
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rawdog1313
Champion Author Lexington

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Message Posted: Mar 20, 2012 12:09:16 AM

Bull............
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Toppers
Champion Author Atlanta

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Message Posted: Mar 20, 2012 12:09:13 AM

& they'll get 'em.
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regasaz
Champion Author Phoenix

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Message Posted: Mar 20, 2012 12:07:26 AM

Looks like China is going to show us the way once again. Another Black X for this Administration.
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joel27nc
Champion Author Raleigh

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Message Posted: Mar 20, 2012 12:06:33 AM

I See RED PEOPLE!
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DEG
Champion Author Las Vegas

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Message Posted: Mar 20, 2012 12:03:18 AM

Too bad the US hasn't been building refineries (just shutting them down).
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Z51Corvette
Champion Author Austin

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Message Posted: Mar 20, 2012 12:02:46 AM

Ugh, are IN a RECESSION!

China is not stupid... We should pay attention!
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farn1958
All-Star Author Twin Cities

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Message Posted: Mar 20, 2012 12:01:11 AM

good for them.
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CaliberMan71
All-Star Author Ohio

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Message Posted: Mar 20, 2012 12:00:37 AM

China is setting up for a big FAIL. The US on the other hand has seen the writing on the walls and it says to get off oil.
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thebrohta167
Champion Author New Jersey

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Message Posted: Mar 19, 2012 11:59:17 PM

ok
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eppylover
Sophomore Author Grand Rapids

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Message Posted: Mar 19, 2012 11:58:38 PM

Yes, mikerroy, I heartily second your approval of what bigoilscamsus said!
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