the most popular crude oil buyers refinery cost in China

China Crude Oil: Refining Cost: Primary Refineries

  • the most popular crude oil buyers refinery cost in China
  • the most popular crude oil buyers refinery cost in China
  • the most popular crude oil buyers refinery cost in China
  • the most popular crude oil buyers refinery cost in China

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  • Will China become the world's top oil refiner in 2022?
  • For full access to real-time updates, breaking news, analysis, pricing and data visualization subscribe today. China's refining capacity is expected to hit 937 million mt/year, or 18.81 million b/d, overtaking the US to become the world's top refiner in 2022, the country's oil giant CNPC's Economics & Technology Research Institute said on April 12.
  • How much crude oil is processed a day in China?
  • Crude oil processing, or refinery runs, in China averaged 14.8 million barrels per day (b/d) in 2023, an all-time high. The record processing came as the economy and refinery capacity grew in China following the country’s COVID-19 pandemic responses in 2022.
  • Why does China have more oil refining capacity?
  • China has the second largest refining capacity in the world and is responsible for 16.2 percent of the world’s refinery throughput, just after the U.S., which accounts for 20 percent. One of the reasons China has increased oil imports and refining capacity is to sell to other nations, particularly in Asia.
  • Is China the world's largest refiner?
  • China overtook the United States to become the world’s largest refiner last year, the IEA also noted in its report, but it is not stopping there. Instead, refiners in China are building even more capacity, with the total set to reach 19.7 million barrels daily by 2028. Of this, more than 3 million barrels daily will be spare capacity, the IEA said.

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