Since the founding of P.R. China, particularly after the launch of reform and opening up in 1978, China's oil and gas industry has undergone a series of significant reforms and restructuring, it has set up a complete oil and gas industry system. Considerable growth has been seen in reserves and production of oil and gas, refining capacity and production capacity of ethylene, synthetic resin, synthetic fiber and synthetic rubber. Therefore, China has ranked among the powerful petroleum and petrochemical countries in the world.
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