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China has set a minimum size for new oil refineries and will ban small crude processors that claim to be chemicals or bitumen producers under a plan to limit total capacity at 1 billion metric ...
The Yanbu Aramco Sinopec Refining Company, which has been in operation since 2016, uses 400,000 barrels per day of Arabian heavy crude oil to produce premium transportation fuels, according to the ...
By 1993, internal demand for oil exceeded domestic production, and China became a net oil importer. [10] China became dependent on imported oil for the first time in its history in 1993 due to demand rising faster than domestic production. [4] In 2006, it imported 145 million tons of crude oil, accounting for 47% of its total oil consumption.
In addition, CNPC was involved in the upgrade projects at the Shymkent oil refinery. Through the implementation of these projects, China will be able to receive oil produced and then diverted from Kazakhstan. [30] The modernisation of the oil refinery in Shymkent was completed in August 2023. [31] Pakistan
SINGAPORE/DUBAI/BEIJING (Reuters) - Saudi Aramco plans to sign preliminary deals to invest in two oil refining and petrochemical complexes in China during the Saudi Arabian crown prince's visit ...
The Oil & Gas Journal publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. For some countries, the refinery list is further categorized state-by-state.
HOUSTON (Reuters) -Oil prices were little changed on Monday, as hopes of stronger demand stemming from higher factory activity in China was largely offset by concerns that the U.S. Federal Reserve ...
The Daqing Oil Field (simplified Chinese: 大庆油田; traditional Chinese: 大慶油田; pinyin: Dàqìng Yóutián), formerly romanized as "Taching", [1] [2] is the largest oil field in the People's Republic of China, located between the Songhua river and Nen River in Heilongjiang province.