China: Crude imports of Zhanjiang Customs surge 89% yoy in Nov: GAC
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Elias [2011-05-20]
Zhanjiang Customs recorded 2.27-mil mt of crude imports in November, sharply up 89.19% from the same period last year, according to data released by the General Administration of Customs.
The customs saw crude imports surge, because PetroChina's 10-mil-mt/yr Qinzhou refinery in nearby Guangxi region had small crude jetty, market sources denoted.
In the first eleven months of 2010, Dalian, Tianjin and Xiamen customs' crude imports rose by 37.84%, 52.6% and 52.59% year-on-year to 29.09-mil mt, 13.81-mil mt and 10.32-mil mt, respectively, the data showed. The increases were boosted by operation of a 300,000-DWT crude jetty in Dalian and expanded refining capacities of Tianjin Petrochemical and Fujian Refining & Petrochemical, market sources said.
China accumulatively imported 218-mil mt of crude in January-November, up 20% from a year earlier, indicated the GAC data.