China’s Biggest Refiner To Refine Less Crude This Month ...Middle East

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China’s Biggest Refiner To Refine Less Crude This Month
source : OILPRICE ( Middle East ) () 19
China Petroleum & Chemical Corporation, or Sinopec, is expected to reduce refinery run rates by up to 10 percent at some of its facilities amid renewed travel restrictions in China to fight a COVID wave, a commodity research analyst told Bloomberg in an interview on Tuesday. According to Jean Zou, an analyst at Shanghai-based commodities researcher ICIS-China, Sinopec is likely to reduce run rates at some refineries by between 5 percent and 10 percent in August, compared to previous plans for this month’s throughput. China imposed in…

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