increasing China’s refining capacity, the domestic refined oil market supply shortage becomes rich by excess

In recent years, increasing China’s refining capacity, the domestic refined oil market supply shortage becomes rich by excess, and exports of refined oil has become an important tool for regulating the balance of the domestic market.

As China’s refined oil exports continued to enlarge, the Asia Pacific oil products trade pattern has changed. Mao Jiaxiang said that China’s refined oil exports faced with Japan and South Korea, Singapore and other countries in the competition. These countries for exports of refined oil tax-free incentives, for China has also increased exports of refined oil products to support efforts to improve the international competitiveness of China’s exports of refined oil.