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Sinopec to hike oil processing, add import to ease diesel shortages

Sinopec to hike oil processing, add import to ease diesel shortages

Write: Amitabh [2011-05-20]

BEIJING - China's major oil refiner, Sinopec, has taken measures, including boosting crude oil processing and importing diesel, to alleviate the severe diesel shortage currently plaguing some Chinese cities.Daily processing of crude oil will increase to 4.27 million barrels per day in November, up 9.9 percent from last November or one percent increase from October, the company said in a statement.Some of its oil refineries have also cut output for processing of petrol and industrial chemicals to make room for increased diesel production.

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