China’s crude oil output hit 93.49 million tonnes in the first half, a decrease of 1 percent year on year, according to the country’s economic planner on Thursday.
China’s refineries processed 175.13 million tonnes of crude oil in the first half,

up 1.5 percent from the same period last year, the National Development
and Reform Commission said in a report on its website.  Gas production
reached 42 billion cubic meters, an increase of 7.6 percent year on
year. The growth rate was 9.7 percentage points lower than the same
period last year.  In the first five months, China’s petroleum and
petrochemical industry reported profits of 94.7 billion yuan (13.9
billion U.S. dollars), down 35.4 percent over the same period last
year, according to the report.  Oil and gas exploration industry saw
profits drop 75.8 percent from a year earlier to stand at 49.4 billion
yuan in the first half.

Source: Xinhua

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• Sinopec plans to run crude oil of 3.85 million barrels per day in H2

    Asia’s top refiner Sinopec plans to process 97.1 million tonnes of crude oil, or 3.85 million barrels per day (bpd) in the second half, the company-run China Petrochemical News reported on Tuesday. That will be 10 percent more than the 3.5 million bpd crude Sinopec processed in the first half. Combining

• Small steel producers more profitable, but less sustainable

    According to statistics released by the China Iron and Steel Association (CISA), in the first half of 2009, 71 large and medium-sized steel enterprises achieved revenue of 955.03 billion yuan from their main business, down 28 percent year-on-year; their profits totaled 1.73 billion yuan, down 98 percent year-on-year. In contrast, some

• Coal accounts for 51 percent of GDP in 2009, Shanxi

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• Shagang says H2 looked on stable steel prices

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