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Domestic policy and geopolitics reduced China's refinery activity in 2022 - Climate Impact Capital Domestic policy and geopolitics reduced China's refinery activity in 2022 - Climate Impact Capital

Domestic policy and geopolitics reduced China’s refinery activity in 2022

In 2022, refiners in China processed less crude oil than they did in 2021, which was the first year-over-year decrease in processing according to data going back to 2000. Reduced refinery activity in China resulted from numerous factors, including mobility restrictions related to the COVID-19 pandemic and low petroleum product export quotas.

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