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China’s crude throughput rose 4.6% year on year to 14.13 million b/d in 2021 despite refineries cutting crude runs by 2.1% in December to offset product inventory pressure, National Bureau of Statistics data released Jan. 17 showed. The higher throughput in 2021 was attributed to refining capacity expansion, and as refineries produced more oil products . ....
The average utilization rate of China’s four state-owned refiners fell from 84% in August to 82% in September, while independent refiners also cut run rates by two percentage points. As a result, the country’s crude throughput is likely to fall further from the 15-month low of 58.35 million mt in August, data from the National . ....
REFINERY NEWS ROUNDUP: Run rates edge up at China’s state-owned refineries in Nov China’s state-owned refineries planned to increase crude throughputs in November by an average of one percentage point month on month to 79.8% of capacity, data collected by S&P Global Platts showed. The state-owned oil giants’ 39 refineries 20 Sinopec refineries, 17 PetroChina refineries, CNOOC’s Huizhou Petrochemical and Sinochem’s Quanzhou Petrochemical planned to process 7.07 million b/d of crude in November, accounting for 79.8% of their combined nameplate capacity of 8.86 million b/d. China’s independent refineries planned to keep run rates broadly unchanged from October, except Zhejiang Petroleum & Chemical, which raised throughput as part of trial runs at its new 10 million mt/year CDU. ....