China to account for 44% of Asia’s crude oil refining capacity in 2023
China will drive the majority of growth in the crude oil refining industry in Asia between 2018 and 2023, contributing 44% of Asia’s crude oil refining capacity within five years.
That was the conclusion drawn by data and analytics company, GlobalData, in its company report entitled: 'China Crude Oil Refinery Outlook to 2023'.
The report reveals that the total refining capacity of China in 2018 was 15,994 thousand barrels per day (mbd), which was 46% of Asia's total refining capacity...