China’s Crude Processing Rises to Record as New Refineries Start
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China refined a record amount of crude last month as new plants owned by PetroChina Co. and Sinochem Group began operations.
Processing in the world’s second-largest oil consumer rose 5.3 percent from a year earlier to 40.17 million metric tons, according to data from the National Bureau of Statistics in Beijing. That’s equivalent to 10.52 million barrels a day, exceeding the previous high of 10.2 million in December 2012.