Abstract: In accordance with the restructuring strategy on the flow direction of pipeline networks in Eastern China worked out by CNPC and Sinopec, the paper briefly introduces the background of the strategy worked out against the shortage of petroleum resources in China, unreasonable flow direction of pipeline networks in Eastern China and the necessity for transporting imported oil onto Huangdao oil wharf as well as the strategy implementation by stages on constructing Dongying-Linyi parallel pipeline, starting using Dongying-Huangdao old pipeline, transporting imported oil from Huangdao oil wharf by Dongying-Huangdao parallel pipeline, transporting imported oil with Dongying-Linyi old pipeline to refineries and petrochemical enterprises located at Northern China. It is pointed out that the implementation of strategy will play a decisive role in decreasing economic loss of some pipelines, overcoming petroleum shortage of refineries and petrochemical enterprises, increaing oil supply to eastern and inland areas of China and economic benefit of petroleum industry of China.