Sinopec Cuts Crude Processing at Yangzi Refinery on Losses
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China Petroleum & Chemical Corp., the nation’s largest oil refiner, cut crude processing volume at its Yangzi oil refinery in the eastern Jiangsu province on refining losses and weaker demand, a plant official said.
The plant will process about 600,000 tons of crude this month, or about 141,000 barrels a day, which is below June’s output, said the official, who declined to be named because of company rules. He didn’t give June volume.