Middle East Economic Survey

VOL. LII

No 19

11-May-2009

SUPPLY/DEMAND

China To Close Small Refineries

Chinas National Development and Reform Commission (NDRC) has announced that the government will close all refineries with capacities below 1mn tons/year (20,000 b/d) by 2011 and encourage those that have a capacity to process 1-2mn t/y to merge or shut down. The construction of small facilities that process bitumen or heavy oil will also be stopped, as part of a plan designed to increase efficiency...