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This paragraph focuses on China's petro - chemical industry strategy. New oil discoveries provide a resource basis, driving the industry's long - term planning. Doubling crude oil processing capacity and chemical production by the end of the century is a strategic goal. It aims to adapt to the growing domestic demand, which is related to China's overall economic development, industrial upgrading, and energy security. The petro - chemical industry is a key sector, and such expansion will also impact upstream and downstream industries, like oil exploration, refining equipment manufacturing, and chemical product application fields.