Bloomberg News

China Petroleum, Chemical Output to Be 14 Trillion Yuan by 2015

February 03, 2012

Feb. 3 (Bloomberg) -- China’s petroleum and chemical industries will grow at an annual rate of 13 percent through 2015 to 14 trillion yuan ($2.2 trillion) in output, the country’s industry ministry said today.

The industry will meet domestic demand, boost production capacity for new chemical materials and increase supplies of agricultural chemicals, according to a statement posted on the Ministry of Industry and Information Technology’s website.

--Michael Wei. Editor: Joshua Fellman

To contact Bloomberg News staff for this story: Michael Wei in Shanghai at mwei13@bloomberg.net

To contact the editor responsible for this story: Stephanie Wong at swong139@bloomberg.net


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