Research on Petroleum Industry Supply Chain in China: Performance and Predictive Analysis of Sinopec Group

¹ Central South University, Civil Engineering School, Changsha, 410018, China
² The University of Adelaide, Business School, Adelaide, 5000, Australia
³ Chang’an University, Chang’an Dublin International College, Xi’an, 70064, China

^* Corresponding author: a1845956@adelaide.edu.au

Abstract

As a major producer of oil and gas, China has historically adopted a variety of different approaches to managing its overall oil and gas supply chain. It also incorporates decisions and forecasts of trends in the overall petroleum supply chain in the context of existing domestic and international societal trends, such as the impact of national policies and the supply chains of China’s domestic petrochemical companies in the context of Sinopec’s past annual reports and assessments and recommendations for sustainable supply chains. This article uses the case study of Sinopec, a major Chinese chemical company, to provide statistics on the domestic market context and to propose and discuss risk management and sustainable supply chains for the company’s supply chain, as well as quantitative analysis to forecast and analyze China’s domestic oil consumption, with case studies and data on all indicators, and to show the impact of plans and trends on the chemical supply chain over time. The implications and trends of developing trends in the chemical supply chain are presented, and conclusions and final recommendations are drawn.