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China Independent Refineries Increase Venezuela, Iran, and Russia Crude Imports

OIL

China's independent refineries increased imports of crude from Venezuela, Iran, and Russia via the Shandong and Tianjin ports by 32.8% to 8.3m mt in July compared to June according to S&P Global Commodity Insights data.

  • The volume accounted for 79.7% of imports compared with 83.7% in June.
  • The independent refineries run rates were 71% in July up from 68.9% in June according to local information provider JLC.

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China's independent refineries increased imports of crude from Venezuela, Iran, and Russia via the Shandong and Tianjin ports by 32.8% to 8.3m mt in July compared to June according to S&P Global Commodity Insights data.

  • The volume accounted for 79.7% of imports compared with 83.7% in June.
  • The independent refineries run rates were 71% in July up from 68.9% in June according to local information provider JLC.