China's petroleum industry booms in 2007, reshaping global energy landscape.
In 2007, China's petroleum industry saw big discoveries and growth in oil and gas production. They found 1.211 billion tons of oil and 697.4 billion cubic meters of gas. They produced 187 million tons of oil and 69.31 billion cubic meters of gas. Refineries processed 327 million tons of oil and made 195 million tons of oil products. They also made a record 10,247,800 tons of ethylene. China's oil companies are changing their strategies due to global market changes and high domestic demand. New pipelines were built, and companies focused on innovation and energy efficiency.