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Sinopec To Slash Crude Imports From Saudi Arabia By 40%


By Tsvetana Paraskova,oilprice – Apr 11, 2018, 6:00 PM CDT

China’s Sinopec, the largest oil refiner in Asia, will shut down its biggest refinery for a major overhaul starting May 1. This will coincide with a period in which Sinopec will have slashed its Saudi crude oil imports by 40 percent after the Saudis unexpectedly raised the official selling price of their flagship Arab Light crude oil for Asian customers.

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