CHINA'S SINOCHEM HAS CUT CRUDE THROUGHPUT AT 300,000-BPD QUANZHOU REFINERY TO AROUND 60%, SOURCES SAY SINOCHEM ALSO REDUCED OPERATIONS AT STEAM CRACKER TO AROUND 60%, SOURCES SAY SINOCHEM SEEKING PROMPT-DELIVERY CRUDE OIL, INCLUDING RUSSIAN OIL UND

2026-03-20

CHINA'S SINOCHEM HAS CUT CRUDE THROUGHPUT AT 300,000-BPD QUANZHOU REFINERY TO AROUND 60%, SOURCES SAY SINOCHEM ALSO REDUCED OPERATIONS AT STEAM CRACKER TO AROUND 60%, SOURCES SAY SINOCHEM SEEKING PROMPT-DELIVERY CRUDE OIL, INCLUDING RUSSIAN OIL UNDER WAIVER, TO COVER SUPPLY GAP, SOURCES SAY