The state-run oil company SINOPEC said on Monday it shipped its first 30,000 Tonnes of Diesel from its Shanghai refinery heading for South Africa.
Chinas Refiners have sought home for their surplus fuel in the latest sign of troubles in the domestic business. The state-run oil company SINOPEC said on Monday it shipped its first 30,000 Tonnes of Diesel from its Shanghai refinery heading for South Africa.
A product trader from a state-owned oil company said, Chinas four oil majors are facing a glut overhang in domestic market and the companies are fully aware of the headwinds ahead.
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