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Article: CHINA 08 DEC REFINED OIL EXPORT SOARED

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AsiaInfo Services
Article date:
January 15, 2009
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AsiaInfo Services
01-15-2009
China 08 Dec Refined Oil Export Soared

BEIJING, Jan 15, 2009 (SinoCast Daily Business Beat via COMTEX) -- China Customs yesterday announced that the nation aggregately exported 2.01 million tons of refined oil in December 2008, padding up the annual exports to 17.03 million tons.

Huang Shunjing, a Chinese analyst for refined oil market, believes the surging export reflects the weak domestic sales and thus exports will continue growing in the future.

Insiders revealed that China Petroleum & Chemical Co., Ltd. (Sinopec; SEHK: 0386; SHSE: 600028), one of the country's top three oil producers, decided to largely expand its refined oil export to 301,000 tons in ...

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