Market research by Global Data explains that China is deciding whether or not to double crude oil imports by smaller, independent refineries.
GlobalData’s analyst who covers Downstream Oil & Gas said “China’s refining industry is tightly regulated, with its two largest national oil companies, China National Petroleum Corporation and Sinopec, owning approximately 70% of the country’s total refining capacity.”
The Chinese Government is deciding whether or not to double the current 200 thousand barrels per day (mbd) to 400 mbd. Impacts of this would include the opening up of so called “teapot” refineries to import their supply from wherever they wish.
Effective October 1, 2015, or as contracts permit, Air Products have increased product pricing and monthly service charges for merchant customers in North America – involving a range of gases.
Month on month the gasworld website continues to be the primary portal for information, on a global scale, about our industry - be it through the provision of news and features, or information in the expansive company directory section. Launched in 2004, it is the only independent online news provider and information portal for the global industrial gas community and the larger end-user markets. The website also now incorporates news for gasworld US and Specialty Gas Report.
To find out more about gasworld's advertising opportunities click here.