China May Become Powerhouse for Oil-Product Exports, IEA Says
“The exact scope of this evolution hinges on the potential emergence of a mismatch between Chinese domestic demand growth and the nation’s ambitious program of capacity expansion,” the Paris-based IEA said in its Medium-Term Oil Market Report today. “If all planned projects go ahead while demand growth slows as much as we forecast, China could emerge, at least for a while, as a new powerhouse in product exports.”
China’s role as an exporter of fuels would be helped by its companies’ growing footprint in international refining, storage, terminals and logistics, the IEA said.
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