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China cuts oil products export as focus shifts to efficiency, lower emissions | Hellenic Shipping News Worldwide

A sharp cut in oil product export quotas by China underscores Beijing’s determination to cut emissions while consolidating and reshaping its refining industry, a trend that began last year with the government’s crackdown on malpractices in the independent refining sector. In the first batch of export quotas for 2022 issued recently, allocations have been slashed ...
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