China petrochemical output value to rise in 2010
Monday, 8 February 2010
BEIJING, Feb 7 (Commodity Online): Output value of China's petroleum and petrochemical industry this year is expected to soar between 13 per cent and 15 per cent year on year.
According to China Petroleum and Chemical Industry Association, the revenue of the industry's core business will grow by an estimated 14 per cent year on year and profit will surge by between 8 per cent and 10 per cent year on year.
The output of major products will increase by an estimated 10 per cent compared with that of 2009.
China had 34,600 enterprises above the designated size and a total output value of 6.63 trillion yuan in 2009, said the Association in a statement.
The same year, the output value of the oil and gas industry declined 26.6 per cent year on year to 749.03 billion yuan. Profit plunged 60.7 per cent year on year to 168.7 billion yuan.
According to China Petroleum and Chemical Industry Association, the revenue of the industry's core business will grow by an estimated 14 per cent year on year and profit will surge by between 8 per cent and 10 per cent year on year.
The output of major products will increase by an estimated 10 per cent compared with that of 2009.
China had 34,600 enterprises above the designated size and a total output value of 6.63 trillion yuan in 2009, said the Association in a statement.
The same year, the output value of the oil and gas industry declined 26.6 per cent year on year to 749.03 billion yuan. Profit plunged 60.7 per cent year on year to 168.7 billion yuan.