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China's oil production capacity has been exported to 3.95 million tons in Singapore

China's oil production capacity has been exported to 3.95 million tons in Singapore

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
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China's oil production capacity has been exported to 3.95 million tons in Singapore

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
  • Views:
Information

Recently, according to the relevant person in charge of huangdao inspection and quarantine, as domestic supply and demand change, at present, the domestic refined oil excess capacity, in order to alleviate this situation, some domestic oil refining enterprises will oil exports as the effective ways to solve the excess supply domestic fuel. As the export quota of refined oil products has been slashed, and the export tax rate of refined products has been raised, domestic refiners have started to export refined oil products in general trade mode. "The huangdao port exports 1 batch of diesel to Singapore, a total of 39500 tons, the value of $17.396 million, is the first time huangdao port exports of refined oil products in general trade way. This is not only beneficial to enterprises to expand overseas markets, raising fuel resources flow to the flexibility, but also ease the pressure on the domestic refined oil market." "Said the chief. In order to ensure the smooth export of diesel, huangdao ahead of inspection and quarantine bureau and export enterprises, freight forwarders, port communication and coordination, make detailed inspection appraisal work plan, implement the inspection "zero", point-to-point docking enterprise production, the self-checking, storage, shipment, ensure finish with a tank, immediately a tank inspection appraisal, minimize non-productive time and cost of railway enterprises.

Huangdao port the geographical position is superior, the internal and external radiation is convenient, which makes huge huangdao district, benefit leading refiners - sinopec Qingdao petrochemical co., LTD. Export products have the inherent advantage. In 2016, the company exported 2.63 million tons of refined oil products in processing trade, with a year-on-year growth of 60% and a record high. Due to the oversupply of domestic oil products, the export of refined oil products is expected to remain strong in 2017.

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