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Chinese oil refineries cut back operations amid Iran uncertainty
Summary by China Economic Review
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Chinese oil refineries cut back operations amid Iran uncertainty
Zhejiang Petrochemical Corp, a major Chinese refiner backed by Saudi Aramco, is shutting a 200,000-barrel-per-day unit, reports Reuters. The refinery is bringing forward maintenance in response to the Middle East conflict’s impact on crude supply, it said on Tuesday. Separately, another Chinese refiner backed by Aramco, Fujian Refining and Petrochemical, or FREP, shut its 80,000 bpd […]
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