Beijing, Feb. 19 (BNA): China’s petrochemical industry saw revenue increase and profit decline in 2022, according to the China Petroleum and Chemical Industry Federation (CPCIF).
The country’s petrochemical industry reported total revenue of 16.56 trillion yuan (about 2.41 trillion U.S. dollars) in 2022, up 14.4 percent year on year, while its overall profit fell 2.8 percent to 1.13 trillion yuan, Xinhua reported.
In 2022, the volume of imports and exports of petrochemical products increased by 21.7 percent year-on-year to $1.05 trillion.
According to CPCIF, China’s crude oil production reached 205 million tons in 2022, an annual increase of 2.9%, marking the fourth consecutive year of growth.
In this period, the country’s natural gas production reached 217.79 billion cubic meters, up 6.4 percent year on year.
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