Insight: Chinese refining


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.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...