Domestic policy and geopolitics reduced China's refinery activity in 2022

Domestic policy and geopolitics reduced China's refinery activity in 2022
WESPECH PTE LTD
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27.02.2023

In 2022, refiners in China processed less crude oil than they did in 2021, which was the first year-over-year decrease in processing according to data going back to 2000. Reduced refinery activity in China resulted from numerous factors, including mobility restrictions related to the COVID-19 pandemic and low petroleum product export quotas.

Full article at eia.gov

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