China's Sinochem cuts refinery runs, seeks prompt-delivery crude, sources say
By Chen Aizhu
Published on March 20, 2026.
China's oil company, Sinochem, has reduced crude throughput at its only refinery in Quanzhou to around 60%, according to four trade sources. The refiner is also seeking prompt-delivery crude from bonded storage to cover its immediate requirements for the 300,000 barrel-per-day plant. The refinery has been dealing with a significant disruption in crude oil supply since the U.S. and Israeli war on Iran began on February 28.
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