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China plans to shut more small-scale oil refineries

(Gaschina.com.cn)
Updated: 2009-06-15 16:42

China plans to shut more small-scale oil refineries by 2011 to boost efficiency and lower pollution. Refineries with an annual capacity of less than 1 million tons, or 20,000 barrels a day, would be closed and the government will actively guide plants that can process 1 million to 2 million tons a year to cease operations or merge, the National Development and Reform Commission, said in a statement.

Figures show that China is able to process 400 million tons annually, with Sinopec and PetroChina accounting for 75 percent

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