2020 crude runs averaged 13.45 mln bpd, +3% on yr 2020 gas output up 9.8%; Dec output record amid harsh winter Annual crude oil output +1.6%, offshore oil leads growth (Adds chart, Shandong independent refiners; paragraph 9)
SINGAPORE/BEIJING, Jan 18 (Reuters) - China’s refineries posted record throughput in 2020, processing 3% more crude oil than a year ago, as they took advantage of low prices and healthy margins on a quick rebound in domestic fuel demand from the coronavirus pandemic.
Annual throughput stood at 674.41 milion tonnes in 2020, or about 13.45 million barrels per day, up roughly 410,000 bpd from 2019, data from the National Bureau of Statistics showed.
December output rose 2.1% on the year to a monthly record at 60 million tonnes, or about 14.13 million bpd, a touch below the daily record set in November, which has one less day, at 14.2 million bpd.
Surigao del Sur Rep. Johnny Pimentel urged Pilipinas Shell Petroleum Corp. to keep itself listed at the Philippine Stock Exchange amid the difficulties caused to business by the COVID-19 pandemic.