Improving Light Oil Yield,an Important Way to the Sustainable Development of Petroleum

Oil resources are non- renewable and the utilization of oil resources should be sustainable and rational. Oil processing industry must, to the maximum extent, produce liquid transportation fuel and chemical feedstocks, which can hardly be replaced by other forms of energy. Restructuring oil refineries in China,developing hydrocracking technologies and improving light oil yield are the significant means to achieve the sustainable development of petroleum processing industry.