Beijing throws Shandong a lifeline

摘要

The issuance of a new batch of crude import quotas, and strong refining margins, will prevent a slowdown in Shandong crude imports next month. The commerce ministry has granted three independent refiners a combined 353,000 b/d of crude import quotas for December. The 60,000 b/d Shandong Qingyishan Petrochemical Technology refinery may import 188,000 b/d, the smaller 44,000 b/d Zibo Xintai Petrochemical plant can import 118,000 b/d, while the 60,000 b/d Shandong Yuhuang Chemical facility has been granted a 47,000 b/d quota.