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China Clamps Down on Private Oil Refineries to Curb Capacity

  • More than 50 companies to be checked, most located in Shandong
  • Private processors now refine almost as much crude as Japan
Updated on

China is clamping down on independent oil refiners in an effort to curb overcapacity and stamp out illegal practices as the central government tries to control one of the country’s fastest-growing industries.

The National Development and Reform Commission, the top economic planner, begins inspections this week of more than 50 privately-owned oil refineries, most of them in the eastern province of Shandong, said people with knowledge of the checks.