Advertisment China's Surplus Oil Refining Capacity to Hit Record in 2020 | Iran Energy News Skip to main content
IRAN Energy News Agency
Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil, Gas, Petrochemical and Energy Field Specialized Channel

China's Surplus Oil Refining Capacity to Hit Record in 2020

China’s refining capacity will grow to 880 million tonnes a year, equivalent to 17.6 million barrels per day, by 2020.

 

China’s refining capacity will grow to 880 million tonnes a year, equivalent to 17.6 million barrels per day, by 2020, 14 percent higher than 2017, a senior researcher from oil company CNOOC said on Tuesday, Reuters reports.

This will exceed demand for fuels by the world’s largest energy consumer, creating surplus refining capacity of 136 million tonnes a year, Xu Yugao, director general, policy research office at CNOOC, said at the Asia Pacific Petroleum Conference (APPEC).

 

Join us on Telegram Channel."Energy Today"
Google +
Twitter
Facebook
Google Translate
Instagram
Digg
Telegram
Blogger
Linkedin
Pinterest

Add new comment

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Fill in the blank.
49