Investment in global oil refining industry by region 2015-2019
largest oil and gas company based on revenue in the world. In 2018, Sinopec made some 432.5 billion U.S. dollars in revenues, while local competitor PetroChina ranked third with 347.7 billion U.S. dollars generated.
China spends the most on oil refinery capacity additions out of any region worldwide. In 2019, China's investments in refinery capacity increases amounted to 21 billion U.S. dollars. This is unsurprising, given that China is home to the