Accession Number : AD0276532

Title :   COMMUNIST CHINA'S PETROLEUM SITUATION

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : YEH,K.C.

Report Date : MAY 1962

Pagination or Media Count : 1

Abstract : Available data are given on the production, imports, and consumption of petroleum in Communist China in 1949-60. Prospects of expanding indigenous production and reducing dependence on imports from the Soviet Union are discussed. Some findings are Communist China's output of crude oil increased by more than ten times in the past decade; the petroleum industry has made extremely rapid progress, but the absolute level of production still falls short of meeting domestic demand. In 1960, about one-half of the total supply of major petroleum products came from the Soviet Union, but this proportion is steadily declining. Total supply in absolute terms -- some 5 million tons in 1960 -- is still very small for an economy of China's size; in per-capita terms it is miniscule by the standard of developed economies. Clearly, this is one area in which Soviet trade policy could have serious consequences for China's future petroleum development. A cut in Soviet exports of petroleum and equipment would leave China in a position where current and near-future domestic supplies of petroleum would be insufficient to meet expected, or even normal, demand. Consequences of such action are discussed. (Author)

Descriptors :   *PETROLEUM INDUSTRY, ECONOMICS, INDUSTRIAL PRODUCTION, LOGISTICS, PETROLEUM PRODUCTS, PRODUCTION

Distribution Statement : APPROVED FOR PUBLIC RELEASE