China’s NDRC tells Sinopec, PetroChina to address diesel shortage

25 November 2010 09:22  [Source: ICIS news]

SHANGHAI (ICIS)--China’s National Development and Reform Commission (NDRC) has asked Sinopec and PetroChina to enhance their output of oil products, especially diesel, to ensure China’s domestic market is well supplied, a source said on Thursday.

NDRC wants the two state-owned oil giants to ramp up their production of oil products to meet domestic shortages especially that of diesel at gas stations in parts of the country, the source added.

Over 2,000 gas stations closed temporarily due to the shortage, which was caused by the government’s prolonged power cuts that prompted some companies to use diesel to generate electricity.

Some gas stations in east and south China hoarded diesel and fuel to earn more money, the source said.

Meanwhile, Sinopec and PetroChina were asked by NDRC to postpone any maintenance at their refineries, the source added.

NDRC had also instructed the two companies to stop exporting their oil products to foreign customers, the source said.

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By: Amanda Zhang
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