CHINA DATA: Shandong independent refineries’ 2020 average run rate rises 6 percentage points

Hellenic Shipping News | Jan 12, 2021 at 1:00 AM
  • The average utilization rate of China’s independent refineries in the Shandong province stood at around 70.4% in 2020, up by about six percentage points from the 64.2% in 2019.
  • ESPO CONSUMPTIONS FALLS 3% Despite the higher ESPO crude imports in 2020, the volume cracked by Shandong independent refineries have fallen 3.1% year on year to 18.1 million mt, compared with 18.68 million mt in 2019.
  • The total consumption of Johan Sverdrup crude increased to 8.48 million mt, from zero a year earlier, while the consumption of Oman crude fell 20.3% year on year to 5.8 million mt in 2020.