Whether the excess refining capacity is

Whether the current domestic refining capacity surplus is becoming the focus of public controversy, China Petrochemical move, no doubt curious about the industry. "On the one hand Russia is rich in resources,  Oil processing government to encourage investment in downstream petrochemical projects we; hand Chinese market nitrile rubber (g City Rubber Factory's main products) external dependence is still great, this investment line with the company's long-term strategy." 6 There Sinopec headquarters sources said.
In fact, as early as 2011, China Petrochemical announced, the company will work with Saudi Aramco - the world's largest crude  oil expeller  in the Red Sea coast of Saudi Arabia Wang Guoyan joint venture construction of a Buenos Aires City refinery.
Sinopec have pointed out above, the domestic refining capacity has been faced with overcapacity, as soon as possible to seize the Middle East market, no doubt the company's long-term development.