Quanzhou refinery exports more high-quality oil products
By Yang Ziman in Beijing and Hu Meidong in Quanzhou, Fujian | China Daily | Updated: 2016-10-27 07:29
Exports of high-quality refined oil - produced using domestically manufactured equipment by Sinochem Quanzhou Petrochemical Co Ltd's huge refinery-have been increasing among the Belt and Road countries, said General Manager Zhang Qiang.
Zhang said that oil overcapacity currently in China mostly involves lower-quality crude and outdated capacity, and high-quality oil is, in fact, in short supply.
The Sinochem Quanzhou is located in the Quanhui Petrochemical Industrial Park of Quanzhou, Fujian province. It has total installed capacity for processing 12 million metric tons of crude oil per year. In 2015, Sinochem Quanzhou refined 9.97 million tons of crude.
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