China Oil and Gas Downstream Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The China oil and gas downstream market is expected to grow at a CAGR of over 4.58% during the forecast period of 2020– 2025. The taxation policies and development plans like increasing refining capacity and pipeline projects have been driving the downstream market. However, the volatile crude oil prices over the recent period and the continued switch to lower energy intensity in China and an increase in electric vehicle supplies are expected to hinder the growth of the oil and gas downstream market.
Key HighlightsThe China oil and gas downstream market is moderately fragmented. Some of the key players in this market include China National Petroleum Corporation, Shanghai Petrochemical Company Limited, Shell Energy (China) Limited, Chevron Corporation, Total SA.
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