Research On The Development Prospect Of Shandong Refining Industy In The Background Of Supply-side Structural Reform

In the background of Supply-side Structural Reform, Shandong local refinery enterprise as China's traditional industries with over-capacity,increasingly unable to meet the needs of the development of market economy. The social demand for low and primitive oil refining products is lower while the high value-added, high-tech products,chemical cleaning and environmental protection requirements is growing rapidly.However, the traditional refining enterprises which provide products for the market is still low, the original oil refining and petrochemical products. High end products can not be produced, or in a serious shortage, but the low-end products, is serious excess capacity.Therefore, that Shandong province local refining industry actively carry out structural reform of the supply side, to eliminate ineffective supply and create an effective supply of innovation, is becoming necessary .This article introduces the advantages, disadvantages and the existing problems of the refining industry,and analyzes the main factors affecting the sustained and healthy development of the Shandong refinery in the background of supply side reforms under the, from the Shandong province refining industry development course and the present situation of Shandong province, and study Shandong local refining overcapacity and supply side structural reform from two aspects of theory and practice. With the background of China's crude oil supply side and the structural reform of the import and export policy,proposed the elimination of backward production capacity,reduce the invalid supply; adjust the structure of raw materials, the development of clean oil;support key enterprises, and strive to become bigger and stronger; increase research and innovation, enhance the technological level; adjust industrial layout, optimize the industrial structure transformation and development path. At the same time, the paper puts forward the relevant guarantee to promote the healthy and sustainable development of Shandong local refining industry.