China's oil refining capacity overtook the United States as the world's largest in 2022, an industry official said on Thursday, though its production of fuel products lagged the United States due to low utilisation rates.
Total refining capacity in China expanded to 920 million tonnes per year, or 18.4 million barrels per day , in 2022 Fu Xiangsheng, vice president of the China Petroleum and Chemical Industry Association, told reporters.
That compares with U.S. refining capacity as of December at 17.6 million bpd, according to the International Energy Agency's latest oil market report. China's recent wave of refinery expansions has been led by state-run PetroChina and large private firms such as Zhejiang Rongsheng group and Jiangsu Shenghong Petrochemical, mainly to fill a supply gap in petrochemicals rather than transportation fuels.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
China's Gold imports in 2022 hit highest level since 2018 – WGCAccording to the latest data published by the World Gold Council (WGC) on Wednesday, China's gold imports rebounded strongly in the second half of las
Consulte Mais informação »
China reverses major policies amid 2022 GDP disappointmentChina has U-turned on almost all major policies it put in place in the last 3 years — and it's not surprising, given the state of its economy
Consulte Mais informação »
Exclusive: SoftBank's Arm China profit drops over 90% in 2022Chip technology firm Arm China suffered a 90% drop in profit last year despite revenue rising more than 30% during the first year management appointed by SoftBank Group Corp took over, according to a financial document reviewed by Reuters.
Consulte Mais informação »
Daily on Energy: States pitted against states in climate fightSubscribe today to the Washington Examiner magazine and get Washington Briefing: politics and policy stories that will keep you up to date with what's going on in Washington. SUBSCRIBE NOW: Just $1.00 an issue!
Consulte Mais informação »
El Salvador to open a ‘Bitcoin Embassy’ in the United StatesAmid Texas lawmakers considering a new bill on tax-free shopping with Bitcoin, the state has discussed the opening of a new BTC Embassy in partnership with El Salvador.
Consulte Mais informação »
Twitter will allow cannabis ads in parts of the United StatesWith Twitter now under the control of cannabis-friendly Elon Musk, the social-media network said it is loosening up restrictions on cannabis advertising ahead of other platforms.
Consulte Mais informação »