china’s energy sector & sinopec 2011.11. 中国石油化工股份有限公司 section 1...

CHINA’S ENERGY SECTOR &

SINOPEC

2011.11

中国石油化工股份有限公司中国石油化工股份有限公司

Section 1 China’s Energy Sector Fundamentals

Section 2 China’s Oil & Gas Supply/Demand

Section 3 Forecast on China’s Oil & Gas Supply/Demand

Section 4 Profile of SINOPEC

Section 5 SINOPEC in USA

Contents


CHINA’S ENERGY SECTOR FUNDAMENTALS

Section 1


China’s Energy Demand Composition

Coal plays a dominant role in China’s energy consumption.

Oil accounts for 17.6% ,which is half of the world’s average level of 34%, and gas shares 4% in China and much lower than the world average of 23.8%.


China’s Total Energy Supply and Demand

In 2010,China’s primary energy production is 2960 million tons of coal equivalent, while the energy consumption is 3250.

Domestic energy production supplies 92% of the consumption, whereas domestic oil production provides 45% of the demand, gas shares 91% of domestic requirements.

2008 2009 2010

production million ton coal

equivalent

2600 2750 2960

coal million ton 2620 2960 3200

oil million ton 190 189 204

gas Billion cubic metres 76.1 83.0 94.5

Hydro.etc

million ton coal

equivalent

180 190 210

consumptio

n

million ton coal

equivalent

2850 2070? 3250

coal million ton 2740 3000 3160

oil million ton 390 410 449

gas Billion cubic metres 80.7 87.5 103.5

hydro.etc million ton coal

equivalent

180 190 210

China’s Primary Energy Production and Consumption


CHINA’S OIL & GAS SUPPLY/DEMAND

Section 2


China’s Shares of Fossil Energy in World Reserves

& Productions


Technologically recoverable reserves of crude oil have been increased stably, with a R/P ratio of 12 years. The reserves are in eastern, northwest, and offshore areas of China.

China’s Oil Reserves

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

billi

on to

ns

remaining technologically recoverable reserves proved reserves


China’s Oil Production and ConsumptionChina’s Oil Production and Consumption

In 1993, China became an net importer of crude oil.

In recent years ， oil consumption has been driven by large scale infrastructure construction activities and development of the manufacture industries.

Oil consumption rose to 449 million tons in 2010, with an annual average growth rate of 7.2% during 2000-2010.

10KT

中国石油化工股份有限公司中国石油化工股份有限公司 10

Compared with developed countries, China's per capita oil consumption is

less than half of the world’s average.

World average 0.62

Ton

China’s Per Capita Oil Consumption


FORECAST ON CHINA’S OIL & GAS SUPPLY/DEMAND

Section 3


Forecast on World’s Energy Consumption Structure

By 2030 ， there will be significant changes in world’s energy consumption

structure. Consumption of coal and oil in terms of percentage in total energy

consumption is expected to decrease while that of natural gas shall go up and take a

higher portion.


The History of China’s GDP, Oil & Gas Consumption

Gas consumption

Oil consumption

GDP

Administrator


The Forecast on China’s Energy Demand

4. 00

0. 60 0. 50

3. 00

0. 180. 35

0. 00

0. 50

1. 00

1. 50

2. 00

2. 50

3. 00

3. 50

4. 00

4. 50

coal(bi l l i on tons)

oi l(bi l l i on tons)

gas( tcm)

demand suppl y


Forecast of China’s Oil Production and Consumption

0

100

200

300

400

500

600

700

2002 2003 2004 2005 2006 2007 2008 2009 2010 2015* 2020*

producti on consumpti on gap

mtmt


Forecast on Gas Reserve and Consumption

BCM

China’s gas production in 2030


Forecast of China’s Gas Production and Consumption

0

100

200

300

400

500

600

2004 2005 2006 2007 2008 2009 2010 2015* 2020* 2030*

producti on consumpti on

BCMBCM


Develop Alternative EnergiesDevelop Alternative Energies :12th FYP Clean Energy Target

Accounting for 11.4% of total energy consumption by 2015, 15% by 2020

Source Target(GW) Current Incentives/Plans

2015 2020 2010 　

Wind 100 150 45 Set benchmark wind power prices

Solar 10 50 0.6 Plan for solar water heaters for 30%

of households by 2020

Hydro 260 350 211 Plans to raise hydro power price

Biomass 13 30 5.5 Preferential electricity tariff to

biomass power producers

Nuclear 43 70 10.8 28 plants under construction


PROFILE OF SINOPEC

Section 4


SINOPEC PROFILESinopec Corp. is one of the largest integrated energy and petrochemical companies with upstream, midstream and downstream operations in China.

Sinopec Corp listed on stock exchanges in Hong Kong, New York and London in 2000, and on Shanghai Stock Exchange in 2001.


RefiningRefiningE&PE&P

•The second largest oil & gas producer in China

•3963 mboe of oil & gas proved reserve at the end of 2010

•Oil production 900KBD, gas production 441bcf in 2010

•Largest refiner in China

•Total refining capacity of 222 million tons per year (4.44 million bbls per day)

MarketingMarketing

ChemicalsChemicals

•Owns the largest oil products distribution network in China, running 30116 service stations as of end of 2010.

•Over 60% market share of oil products in mainland China

•The largest petrochemical producer

and distributor in China, 4th in the

world

•Ethylene capacity 9.33 mmta21

Sinopec Profile

One of the Largest Integrated Petrochemical Companies in Asia

Administrator

中国石油化工股份有限公司中国石油化工股份有限公司 22

Strategic structure adjustment

Market expansion

Innovation in technology, management, and staff development

Resource optimization, energy conservation and emission reduction

International operation

Corporate Strategies

Resources Marketing

DifferentiationLow

Emission

GlobalizationIntegrationTo Build a First-Class

Global Corporation

SINOPEC’S Vision

Vision for the “12th Five-Year Plan” Period


SINOPEC IN USA

Section 5


SINOPEC Representative

Office (New York) Public Relations Investor’s Relations

UNIPEC America, Inc.(New York)

Oil/Gas trading in Americas Trading assets investment

SINOPEC USA, Inc. (Houston) Import/Export equipment and

petrochemicals

SINOPEC IN USA

Sinopec is engaged in the supply and trading of oil/gas, petrochemicals, equipment and materials. In 2010, the Company’s total trading volumes of crude and refined products were 186 and 20 million tons respectively. The Company witnessed rapid growth in trading chemicals, equipment and materials.


Thank You!

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