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As per the sources, the schedule for resuming supplies will rely on the processing quantities.
On September 30, the state-owned oil firm PetroChina called off multiple shipments of gasoline and jet fuel that were planned for October.
Another significant refiner, Zhejiang Petrochemical Corp, decided against scheduling shipments for the holiday week from October 1 to 7.
In March, China made a comparable move when oil deliveries were affected by turmoil in the Middle East. A special allowance has been granted solely for exports to Hong Kong and Macau.
source: reuters.com
On September 30, the state-owned oil firm PetroChina called off multiple shipments of gasoline and jet fuel that were planned for October.
Another significant refiner, Zhejiang Petrochemical Corp, decided against scheduling shipments for the holiday week from October 1 to 7.
In March, China made a comparable move when oil deliveries were affected by turmoil in the Middle East. A special allowance has been granted solely for exports to Hong Kong and Macau.
source: reuters.com