MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Shandong’s Yulong Expected to Start by End-Q3: OilChem

OIL PRODUCTS

Shandong’s 400k b/d Yulong refinery is expected to start commissioning by end-July and will come online by end of Q3, according to OilChem.

  • The refinery is projected to produce around 0.5m mt of refined products in Q4 2024 after accounting for restrictions such as depleting crude oil import quotas.
  • The refinery will likely reach full capacity by 2025 with an expected annual refined oil production of 4.7m mtpa. This will be around 5% of Shandong’s Teapots’ total refined oil production.
  • The Yulong refinery is a political project related to China’s supply side reform. The goal is to boost chemical production capacity while reducing the proportion of refined oil in the product portfolio.
  • It is expected that the yield rates of refined oil from Yulong will be less than 17%, far below the national average in China.
Energy BulletsHomepagemarkets-real-timeBulletCommodities
Energy BulletsHomepagemarkets-real-timeBulletCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.