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Oil and gas

During the 12th Five Year Plan period, China will continue to accelerate the speed of oil and gas pipeline construction, key construction projects include the China Kazakhstan crude oil pipeline, China and Myanmar oil and gas pipeline two stages within the segment, the Central Asian natural gas pipeline two period, as well as the west east gas transmission line three, four line of West East Gas Project (west east gas pipeline project planning a total of nine line eight line, PetroChina, Sinopec line). "Twelfth Five Year Plan" period, the country will add oil and gas pipeline 74000 km, 45000 km natural gas pipeline, oil pipeline 9000 km, refined oil pipeline 20000 kilometers, a total investment of about 350000000000 yuan. And 2011 is "1025" planning in the first year, the first five years plan is usually planning the layout of the industry and investment in a year.

From the beginning of 2012, the upstream enterprises will start investment, expansion and technological transformation, in order to adapt to the needs of the pipeline construction accelerated. Expected 2012-2014, pipeline construction will gradually accelerated, to the "Twelfth Five Year Plan" at the end of each year, especially the pipeline construction speed will increase 80% than 2011.