Abstract
In this chapter, after a brief introduction, we examine the development status and historical trends of oil development in China. A Sankey diagram of the oil flow in China from crude oil supply to the final sectors of oil product consumption is mapped to indicate the physical patterns of oil supply and consumption. Following this, we review the current status and historical trends of oil reserves, oil imports, oil refining, oil demand, oil prices, and related policies to present the multidimensional status of oil development in China. Then, we review existing opinions on future oil demand, especially that by road vehicles, future oil production, and energy security issues, and we summarize the future challenges facing oil development in China. Based on a scenario analysis of Chinese oil consumption up to 2030, we discuss a coping strategy for energy security and emission reduction, and we conclude with several policy suggestions for the future development of petroleum-derived fuels for road vehicles.
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