Total refinery throughput last year reached 703.55 million tonnes, or 14.07 million barrels per day (bpd), data from the National Bureau of Statistics showed last week, roughly 620,000 bpd above the 2020 level.
China’s refinery output hit a record in 2021, up 4.3 percent from 2020, on robust first-half fuel demand in particular and as refiners ramped up processing to fill a supply gap after a hefty new tax closed loopholes in blending China’s refinery output.
Total refinery throughput last year reached 703.55 million tonnes, or 14.07 million barrels per day (bpd), data from the National Bureau of Statistics showed on Monday, roughly 620,000 bpd above the 2020 level.
December output was 58.73 million tonnes, or about 13.83 million bpd, down 2.1 percent year on year, reversing a brief rebound in November when state refiners raised processing to plug a short-lived diesel supply crunch.
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