(EnergyAsia, November 5 2012, Monday)— China’s surplus refining capacity will increase substantially by 2014 as it would have built up 1.4 million b/d of new CDU capacity while oil products demand may only grow by 300,000 b/d, said US consultant ESAI. Restrictions on exports will force refineries to cut utilisation rates, leaving China to become…
CHINA: Consultant ESAI predicts substantial rise in surplus refining capacity by 2014
Posted on November 5, 2012 by EnergyAsia