Will the Elimination of Fuel Vehicles Have a Significant Impact on Oil?
1 Answers
The phase-out of fuel vehicles has almost no impact on China's oil industry. Benefits of banning fuel vehicles: After the ban on fuel vehicles, China's oil resources will be concentrated on serving national strategic sectors such as military, energy (thermal power generation), and chemical industries. This can effectively avoid the waste of petroleum resources and integrate resources to address atmospheric environmental pollution. Main businesses of China's oil industry: Exploration, development, production, and sales of crude oil and natural gas; refining, transportation, storage, and sales of crude oil and petroleum products; production and sales of basic petrochemical products, derivative chemical products, and other chemical products; transportation of natural gas, crude oil, and refined oil, and sales of natural gas.