Beibu Gulf Oil & Gas Chemical Industry Pilot Southwest

On February 21, the government of the Guangxi Zhuang Autonomous Region announced that the “Development Plan of Guangxi Beibu Gulf Economic Zone” has been officially approved by the State Council. The development potential of offshore oil and gas resources in the Beibu Gulf region is huge. There are numerous deep-water ports, and the key to the development of the oil and gas chemical industry can better optimize China's oil supply structure, adding another dimension to China's all-round expansion of the arcal coastal economic chain.
The Guangxi Beibu Gulf Economic Zone is located at the southwestern end of the Chinese coast and consists of the administrative regions under the jurisdiction of the four cities of Nanning, Beihai, Qinzhou and Fangchenggang. The district chose to use oil and gas chemical industry as a pillar industry, giving priority to supporting development. A number of large-scale oil and gas chemical projects have been started or completed and put into production on the coast of the Beibu Gulf, and an emerging oil and gas chemical industry belt has begun to take shape.
The largest refinery project in Beibu Gulf, PetroChina's Qinzhou large-scale oil refining project, is the national “Eleventh Five-Year” oil refining development planning project with a construction capacity of 10 million tons/year of oil refining capacity. It is by far the largest industrial project in Guangxi for individual investment. The project plans to invest 15.2 billion yuan, which will be put into operation gradually by the end of 2008 and completed in the fourth quarter of 2009. After the project is put into production, more than 700,000 tons of petroleum products such as gasoline, diesel oil, aviation kerosene, and liquefied petroleum gas can be supplied to Yunnan, Guizhou, and Guangxi, as well as petrochemical products such as polypropylene and aromatics, which will greatly ease the current oil products in southwest China. And the shortage of chemical products. At the same time, China’s crude oil imported from the Middle East will arrive at Beibu Gulf Coastal Port via the Straits of Malacca, and the cost of oil products will be greatly reduced.
Hainan Province, which is located in the northern part of the Ring Bay, has taken ammonia and methanol production as its source, accelerated the development of downstream products, and built the country’s largest natural gas comprehensive processing base in Dongfang City, forming an annual production capacity of 3 million tons of chemical products; In the industry, construction of chemical materials such as polypropylene, styrene, ethylene, PX, and PTA will be started, and the petrochemical downstream industry will be extended. By 2010, the total output value of Hainan's petrochemical industry will reach about 50 billion yuan.
The layout of the Beibuwan oil and gas energy base not only solves the problem of the unreasonable distribution structure of the regional distribution of refining capacity in China, but also avoids the “oil shortage” phenomenon that has occurred in the rapid economic development of Guangxi, Yunnan, and Guizhou in recent years. It will provide an important energy guarantee for the economical take-off of the southwest region of China and the full cooperation and development of China-ASEAN.

Links Guangxi Beibu Gulf Economic Zone is located at the southwestern tip of the Chinese coast. It has deep water ports and convenient land and sea routes to ASEAN countries. This has made Guangxi highly desirable from the very beginning.
As early as 1984, Beihai City along the Beibu Gulf, like Shenzhen and Zhuhai, was listed by the State Council as one of the first batch of coastal open cities in the country. The country then approved Qinzhou as a coastal open area. At present, Guangxi Beibu Gulf Economic Zone is not only a regional advantage. It has become an important gateway, frontier, and hub for promoting China-ASEAN comprehensive cooperation. It has an irreplaceable strategic position and role in regional cooperation at home and abroad. In response, some authoritative people spoke highly of it: If the Beibu Gulf region is to become a new economic "growth pole," it is bound to form the "two corners" that promote the coastal economy and the Yangtze River Delta and the Pearl River Delta, Bohai Bay and the Beibu Gulf, as well as across the Taiwan Strait. , the two bays, the two sides of the "new pattern of mutual support for economic development.