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As far as the chemical industry is concerned, development is the petroleum sector was voted third among the achievements according to the country’s official survey, the inorganic chemical industry was rated the 20th, and rare metal the 22nd. Petroleum is a major source of energy and a raw material for the clothing, food, housing and transportation industries. China has established its own petroleum industry almost from nothing. In 2001, a total of 160 million tons of crude oil was extracted from the mainland oil deposits.
As far as the chemical industry is concerned, development is the petroleum sector was voted third among the achievements according to the country’s official survey, the inorganic chemical industry was rated the 20th, and rare metal the 22nd. Petroleum is a major source of energy and a raw material for the clothing, food, housing and transportation industries. China has established its own petroleum industry almost from nothing. In 2001, a total of 160 million tons of crude oil was extracted from the mainland oil deposits.