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Yulong Refinery Purchases ESPO Ahead of Startup

REFINING

Shandong’s new major Yulong refinery bought ~1.47m bbls of ESPO crude for September arrival according to Bloomberg sources, ahead of its startup.

  • The purchase takes cumulative buying of spot cargoes by Yulong to at least 4m bbls.
  • China’s new mega 400,000 bpd Yulong petrochemical refinery intends to start test runs around September 30 according to Reuters sources.

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