China's diesel, gasoline exports surge in December

[beijingwalker]

China's diesel, gasoline exports surge in December​

By Andrew Hayley
January 18, 20237:13 PM GMT+8

LONDON, Jan 18 (Reuters) - China's diesel exports rose for a second month in December, while gasoline exports climbed for a third month, as the country's COVID outbreak limited domestic fuel demand, and refiners utilised their expanded yearly export quotas.

China exported 2.79 million tonnes of diesel in December, representing a 32.8% increase on November's 2.10 million tonnes, data from the General Administration of Customs showed on Wednesday. That is the highest since March 2021.

Total diesel exports for the year amounted to 10.92 million tonnes, versus 17.21 million tonnes for 2021.


Gasoline exports were 1.91 million tonnes in December, the highest since October 2020, and up from 1.49 million tonnes the month before.

Total gasoline exports for 2022 stood at 12.56 million tonnes, versus 14.54 million tonnes in 2021.

China's diesel, gasoline exports surge in Dec on quotas, weak demand

China's diesel exports rose for a second month in December, while gasoline exports climbed for a third month, as the country's COVID outbreak limited domestic fuel demand, and refiners utilised their expanded yearly export quotas.

www.reuters.com

 

[beijingwalker]

China's Jan-Feb diesel exports up tenfold from prior year​

March 20, 2023

China's diesel shipments in the first two months of 2023 surged to 4.54 million tonnes from a low base of 420,000 tonnes in the corresponding period last year

China's Jan-Feb diesel exports up tenfold from prior year

China's diesel shipments in the first two months of 2023 surged to 4.54 million tonnes from a low base of 420,000 tonnes in the corresponding period last year

www.zawya.com

 

[beijingwalker]

China imports crude oil, refines it and resells it in the world market.

 

[beijingwalker]

China Leads The World With Highest Refinery Capacity​

• Asia has the highest refinery capacity in the world with more than 35% share due to strong demand for petroleum and petrochemical products from its growing economies such as China and India

China has close to 50% share in Asia’s active refinery capacity in 2022 with a capacity of 18,221 mbd. The country would witness capacity additions of 3,442 mbd from new build and expansion projects during 2022 to 2026.

 

[beijingwalker]

China Takes Top Spot In Global Refining Capacity​

On Feb 17, 2023

The Vice President of China Petroleum and Chemical Industry Association, Fu Xiangsheng, says China’s oil refining capacity expanded to 920 million tonnes per year, or 18.4 million barrels per day (bpd), making it the world’s largest in 2022.

According to the International Energy Agency’s latest oil market report, that compares with U.S. refining capacity as of December 2022 at 17.6 million bpd, though China’s production of fuel products lagged the United States due to low utilisation rates.

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.

China’s total refined products output last year was less than 700 million tonnes (5.1 billion barrels), at an average plant utilisation rate of around 70%, the association said, compared with more than 800 million tonnes in the United States, where average utilisation exceeded 90%.

China has 32 refineries with at least 200,000 bpd capacity each, according to the association, citing the launch of a new facility built by PetroChina in Jieyang in Guangdong province as a recent example of the country’s growing capacity.

https://von.gov.ng/china-takes-top-spot-in-global-refining-capacity/