China Mulls Export, Import Rights for Refineries After Rosneft Breakthrough

摘要

China is considering giving more autonomy to its refineries by opening up crude oil import and oil product export channels--the latest in a series of policy and pricing reforms being implemented in the country's energy sector, industry sources tell International Oil Daily. China National Petroleum Corp. (CNPC) confirmed on Wednesday that its 320,000 barrels per day Tianjin refinery joint venture with Russia's Rosneft would be allowed to sell its output overseas--a rare privilege in fuelhungry China, the world's largest energy consumer.