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China's independent refineries expect new crude import quota allocation soon | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
China's small independent refineries double fuel oil imports in Feb amid good margins hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
China's move to hand out quotas may trigger rush for crude cargoes | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
China’s independent refining sector is expected to consolidate further in 2022 as Beijing’s pledge to maintain supervision to ensure operational and tax discipline would see integrated refining capacities increasingly replacing smaller players that are scattered across northern part of the country. The expected decision by China to deny five of its independent refineries crude import . ....
China’s Ministry of Commerce has issued 107.4 million mt in crude import quotas to 36 qualified independent and non-major state-owned refineries in the first batch for 2022, falling 9.4% from the same batch in 2021, refining sources told S&P Global Platts Dec. 30. This is the first year-on-year reduction in the first batch crude quota . ....