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Sinopec Boosts Hainan Oil Processing, Halts Reformate Exports

China Petroleum & Chemical Corp.’s refinery in southern Hainan province will raise oil processing by 3 percent this month to boost gasoline supplies in the domestic market, a company official said.

The plant will refine 700,000 metric tons of crude this month, compared with 680,000 tons in February, said the official, who declined to be identified because of company rules. The 8-million-ton-a-year refinery has halted reformate exports since January as domestic demand for auto fuel rises, according to the official. Reformate is an unfinished form of gasoline that’s aromatic-rich and high in octane.