China's Sept refinery output hits record daily high
BEIJING, (Reuters) - China’s refinery throughput hit a record daily high in September as some independent plants restarted operations after prolonged shutdowns over summer to shore up inventories amid better fuel demand and robust margins, data showed.
China’s crude oil throughout rose to 12.49 million barrels per day (
The higher processing rate came as China raised its crude oil imports to a four-month high
Year-to-date processing volumes rose 8.1 percent on a year earlier to 452.54 million
China’s September domestic crude oil production fell 2.4 percent on a year earlier to 15.18 million tonnes, or 3.69 million
Output in the first nine months came in at 141.13 million tonnes, down 1.9 percent from a year earlier. That equates to 3.77 million
Refinery output is expected to rise further in the fourth quarter as several state refiners resume operations after scheduled major overhauls.
These include PetroChina’s 130,000-
Natural gas production rose 8.5 percent in September from a year earlier to 12.2 billion cubic meters (
PetroChina has stepped up drilling at top gas field Changqing, which makes up about a quarter of the national total, and is aiming for record output this year to help meet a winter demand spike.
crude conversion tonne = 7.3 barrels Reporting by Hallie Gu and Aizhu Chen; editing by Richard Pullin
Comments