500,000 Tons of Crude Oil in Urgent Need, a Brief Honeymoon between Sinopec and Local Refineries

by fivip15 on 2007-12-08 14:34:47

In early December, Sinopec urgently allocated 5 million tons of crude oil to Shandong. This was the first time in many years that Sinopec had added extra supply of crude oil to local refineries beyond the crude oil plan. It was less than a week since the National Development and Reform Commission required the two major petroleum groups to increase crude oil supply to local refineries in order to ease the tight supply situation of refined oil products.