Small refineries in Shandong province to be closed due to industry modernisation
03.11.2021
MOSCOW (MRC) -- China's coastal province of Shandong is expected to shutter refineries with daily capacity of more than half a MM bbls by the end of 2022 to make way for a new petrochemical complex, said Reuters.The clean-up of 10 plants, accounting for about 3% of refining capacity in the world's largest importer of crude, is part of efforts to streamline a bloated oil refining sector t