The operating circumstances of refinery industry in China in 2005 were referred to in this paper,along with the processes for development of petrochemical industry aimed at regionalization,concentrated disposition of enterprises and construction of industrial bases.The pressure faced currently by the oil refining industry in terms of resources avalibility and environmental regulations was analyzed.The key elements associated with the refining industry restructuring to economize on all kinds of resources were discussed and presented.It is stated that the key for building an energy and materials saving oil refining industry should rely on the adoption of advanced process and engineering technology,adjustment of refinery configuration,improving the energy and resources utilization efficiency,deep processing of crude oils,optimizing all kinds of resources,reducing effluents by saving water,as well as boosting the integration of oil refining with chemical production,concentrated disposition and realization of large scale of process units.