Page 18 - Tsutomu Sugimori News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Japan refiners need 3 mths to resume Iran oil imports even with nuclear deal - PAJ head
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Despite some turbulence, global oil demand is on the route to recovery
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Japan Launches Circular Economy Collaboration with World Economic Forum
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REFINERY NEWS ROUNDUP: China’s Zhejiang to raise capacity by 2025; Japan’s runs down on earthquake
China’s Zhejiang province in the eastern coast aims to have 90 million mt/year refining capacity by 2025 from 51 million mt/year in 2019, suggesting that Zhejiang Petroleum & Chemical’s phase 3 project is unlikely to launch within the 14th Five Year Plan 2021-25, market sources and analysts told S&P Global Platts.
The province’s energy regulator Zhejiang Development and Reform Commission published a draft plan for public comment, which include plans to expand refining capacity, speed up construction of oil pipelines and additional storage capacity for energy security, as well as significantly boost fuel bunkering volume at its pilot free trade zone.