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With China’s auto market booming, the oil refining industry is falling over itself to boost capacity in coastal 3region.
With the auto market booming, China’s consumption of gasoline is expected to reach 51 to 52 million tons this year and rise to 65 million tons in 2010, according to estimates.
Despite all the projects currently in operation or under construction, it will be hard to match the pace of China’s sharply rising demand for refined oil products.
People’s Daily
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