In 2017, the province's oil and chemical industry achieved a total industrial output value of 603.664 billion yuan, an increase of 20.4% over the same period of last year. The industry profit increased by 92.8%, the best level in nearly three years.
Statistics show that in 2017, Shaanxi Petrochemical completed a total industrial output value of 603.664 billion yuan, including oil and gas extraction and processing industry output value of 287.256 billion yuan, an increase of 21.6% over the same period last year increased by 37.6 percentage points; the chemical industry to complete the output value of 316.0480 billion yuan, An increase of 18.5% over the same period of last year and an increase of 14.5%.
Driven by the recovery in international oil prices, Shaanxi's petrochemical industry witnessed a good economic return in 2017, achieving an annual profit of 39.254 billion yuan, an increase of 92.8% over the same period of 2006. The profit from the oil and gas extraction and processing industry was 21.5 billion yuan, up 127% over the same period of previous year Up by 192.8 percentage points over the same period of the previous year, while that of the chemical industry was 17.754 billion yuan, up 62.9% over the same period of the previous year and down 79.5 percentage points from the same period of last year. This is in stark contrast to the drop of 65.7% in profits and 142.4% in the chemical industry in the province in 2016.