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China Petroleum and Chemical Industry Association November 24 news, in October 2008 the national oil and chemical industry output value of 517.71 billion yuan, an increase of 18.5%; January-October 2008 cumulative output value of 551.54 billion yuan, an increase of 30.30%.
The output value of the oil and gas exploration industry in October was 84.45 billion yuan, a year-on-year increase of 27.8%; from January to October 2008, the cumulative output value reached 904.47 billion yuan, a year-on-year increase of 42.6%.
The output value of refined petroleum products manufacturing industry in October was RMB158.15 billion, a year-on-year increase of 17.8%; from January to October 2008, the total production value achieved was RMB1,572.77 billion, a year-on-year increase of 25.7%.
The output value of the chemical industry in October was 294.24 billion yuan, a year-on-year increase of 14.8 percent; in January-October 2008, the cumulative output value was 290.17 billion yuan, a year-on-year increase of 28.9 percent.
According to previous reports, in September 2008, the national oil and chemical industry output value of 587.15 billion yuan, an increase of 25.1%; January-September 2008 cumulative 5.031.74 billion yuan, an increase of 32.0%.
The output value of the oil and natural gas extraction industry in September was 88.48 billion yuan, up 31.7% year-on-year; in January-September 2008, it was 8212.52 billion yuan, an increase of 44.6% year-on-year.
The output value of refined petroleum products manufacturing industry in September was 165.38 billion yuan, a year-on-year increase of 18.9 percent; it was 1,249.19 billion yuan in January-September 2008, a year-on-year increase of 27.7 percent.
The output value of the chemical industry in September was 318.16 billion yuan, a year-on-year increase of 25.1%; in January-September 2008, the cumulative value was 266.21 billion yuan, an increase of 30.8% year-on-year.
Compared with the above data, it can be found that the total output value of the national petrochemical industry in October decreased by 6.6 percentage points from September. Cai Enming, deputy director of the Industrial Development Department of the Petrochemical Association, believes that in the first half of 2009, the days of the petrochemical industry will be even more difficult. At present, domestic petrochemical products have experienced a certain degree of surplus. Between 2009 and 2010, the surplus situation will be even more serious.
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