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...
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