The oil steel pipe in the petroleum industry is very important for its high price, large consumption volume and great effect on thedevelopment of petroleum industry. The oil steel pipe mainly includes oil well pipe (drill pipe, drill collar, casing and tubing etc. ) and oil-gas transportation pipe. This paper is an attempt to make a comprehensive review on the current situation and prospect of the oil steel pipe in China, presenting the past , today and future of the China oil pipe.The first section is a historical review of the China oil pipe. The developing course and progress of the oil steel pipe products are presented. The second section is about the current situation of the China oil pipe. The general situation of the China's steel pipe corporation and their products types,capability, etc. is introduced. The third section is about the prospect of the China oil pipe. This part mainly describes the new product research and development in China steel pipe corporations,which are facing more and more strict technical requirements of the petroleum industry in oil pipe,and reveals the prosperity of China's steel pipe corporations.