Page 1: Executive Summary Market Overview Page 2: Global Oil Market Overview - Global Oil Production (2007, 2008, 2009, 2010), Global Oil Consumption (2007, 2008, 2009, 2010), Global Oil Reserves (2000, 2010) Page 3: Global Gas Market Overview - Global Gas Production (2007, 2008, 2009, 2010), Global Gas Consumption (2007, 2008, 2009, 2010), Global Gas Reserves (2000, 2010) Page 4: Global Reserve to Production Ratio - Global Oil Reserve to Production Ratio, Global Gas Reserve to Production Ratio Page 5: Domestic Oil Market Overview - Domestic Oil Demand (2010, 2011e, 2015e), Domestic Oil Production (2007, 2008, 2009, 2010), Domestic Oil Consumption (2007, 2008, 2009, 2010) Page 6: Development of oil industry in China Page 7: Domestic Gas Market Overview - Domestic Gas Demand (2010, 2011e), Domestic Gas Production (2007, 2008, 2009, 2010), Domestic Gas Consumption (2007, 2008, 2009, 2010) Page 8: Major Oil Fields in China Page 9: Major Gas Basins in China Exports and Imports Page 10-13: Import and Export Data Value-wise and Volume -wise - Growth in Total Imports (2006 - 2010), Growth in Total Exports (2006 - 2010), Country-wise import and export (2010) Drivers & Challenges Page 14: Summary Page 15-16: Untapped Potential Page 17: Rising Population and Urbanization Page 18: Growing Automobile Sector Page 19: Low Penetration Page 20: Power Generation Page 21: Growth in Petrochemical Industry Page 22: Foreign Dependence Page 23: Reduction in CO2 Emissions Page 24: Increase in Renewable Energy Government Initiatives Page 25: Development of energy regulatory framework in China Page 26: 12th five Year Plan Page 27: Tax and Pricing Reforms Trends Page 28: Summary Page 29-30: Construction and Expansion of LNG Terminal Page 31-32: Construction and Upgrading of Oil Refineries Page 33-37: Overseas Investments Page 38-39: Reliance on Unconventional Gas Competition Page 40: Domestic Competition Summary - Bubble Chart based on total income, net income and market capitalization Page 41: Domestic Competition Summary -Ranking Chart based on net income Page 42 - 53: Key Domestic Players - Company Information, Products and Services, Locations in China, Key People Financial Snapshot, Financial Summary, Key Ratios, Key Business Segments, Key Geographic Segments and Key Recent Developments • China Petroleum & Chemical Corporation • PetroChina Company Limited • Sinochem International Corporation • Xinjiang Guanghui Industry Co., Ltd Page 54-68- Key Foreign Players - Company Information, Products and Services, Locations in China, Key People, Financial Snapshot, Financial Summary, Key Ratios, Key Business Segments, Key Geographic Segments and Key Recent Developments • ConocoPhillips • BP p.l.c. • CNOOC Limited • Exxon Mobil Corporation • CITIC Resources Holdings Limited Key Takeaway Page 69: Key Takeaways

List of Figures Global Market Overview 1. Global Oil Production (2007, 2008, 2009 and 2010) 2. Global Oil Consumption (2007, 2008, 2009 and 2010) 3. Global Oil Reserves (2000 and 2010) 4. Global Gas Production (2007, 2008, 2009 and 2010) 5. Global Gas Consumption(2007, 2008, 2009 and 2010) 6. Global Gas Reserves (2000 and 2010) 7. Global Oil Reserve to Production Ratio 8. Global Gas Reserve to Production Ratio Domestic Market Overview 9. Domestic Oil Demand (2010, 2011 and 2015e) 10. Domestic Oil Consumption (2007, 2008, 2009 and 2010) 11. Domestic Oil Production (2007, 2008, 2009 and 2010) 12. Domestic Gas Demand (2010 and 2011e) 13. Domestic Gas Production (2007, 2008, 2009 and 2010) 14. Domestic Gas Consumption (2007, 2008, 2009 and 2010) Exports- Imports 15. Growth in Total Exports (2006 - 2010) 16. Country-wise Exports (2010) 17. Growth in Total Imports (2006 - 2010) 18. Country-wise Imports (2010) Drivers and Challenges 19. Depth of Reserves 20. Quality of Reserves 21. Regional Distribution 22. Household Energy Consumption (2000 and 2020e) 23. Rise in Population (2005, 2010, 2015e, 2020e) 24. Annual Demand - Gasoline and Diesel (2008, 2015e) 25. Automobile Production (2007, 2008, 2009, 2010, 2015e and 2020e) 26. Sales Segmentation (2010) 27. Per Capita Oil Consumption 28. Per Capita Natural Gas Consumption 29. Thermal Power Capacity (2010, 2015e and 2020e) 30. Gas Fired Power Plants Installation (2010 and 2015e) 31. Oil Product Demand (2010 and 2011) 32. Foreign Crude Oil Dependence ( 2009, 2010, 2013e and 2030e) 33. Per Capita CO2 Emission ( 1990, 2000 and 2010) 34. Rise in Non Fossil Fuel Usage (2010 and 2015e) 35. Renewable Energy Share (2009 and 2020e) 36. Renewable Energy Source Split (2009 and 2020e) Trends 37. CBM Location 38. CBM Production (2009, 2015e and 2020e) Competition 39. Bubble Chart for the Public Companies 40. Revenue and Profit for Major Domestic Companies (2010) 41. Key Players- Growth in Revenue and Profit (2007, 2008, 2009 and 2010), Key Ratios, Key Business Segments (2010), Key Geographic Segments (2009 and 2010)15. Revenue and Profit (2007, 2008, 2009, 2010) • China Petroleum & Chemical Corporation • PetroChina Company Limited • Sinochem International Corporation • Xinjiang Guanghui Industry Co., LtdSino-Ocean Land Holdings Limited • ConocoPhillips • BP p.l.c. • CNOOC Limited • Exxon Mobil Corporation • CITIC Resources Holdings Limited

1. China Petroleum & Chemical Corporation 2. PetroChina Company Ltd. 3. Sinochem International Corporation 4. Xinjiang Guanghui Industry Co. Ltd. 5. ConocoPhillips 6. BP p.l.c. 7. CNOOC Ltd. 8. Exxon Mobil Corporation 9. CITIC Resources Holdings Ltd.