China's petrochemical industry saw an increase in revenues and a decline in profits in 2022, according to the China Petroleum and Chemical Industry Federation (CPCIF).
The country's petrochemical industry registered a total revenue of 16.56 trillion yuan (about $2.41 trillion) in 2022, climbing 14.4% year on year, while its total profit eased 2.8% to 1.13 trillion yuan.
In 2022, the import and export volume of petrochemical products rose 21.7% year on year to 1.05 trillion dollars.
According to the CPCIF, China's crude oil output stood at 205 million tonnes in 2022, a year-on-year increase of 2.9%, in a fourth consecutive year of growth.
In the period, the country's natural gas output was 217.79 billion cubic meters, a year-on-year increase of 6.4%.
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