Beijing (CNS) – China's two large oil companies added more supply to the market, as most parts of the nation are facing a shortage of oil products, especially diesel.
The tight supply was affected by the rebound of international oil price as well as the seasonal soaring consumption, said Huang Wensheng, spokesman of Sinopec, the world's second largest refiner.
To increase the supply of petroleum products, Sinopec refines oil under full load. It raised diesel supply to some provinces in urgent need, such as Jiangsu, Zhejiang, Anhui, Hubei and Hunan.
Meanwhile, PetroChina, China's biggest oil and gas company, has also increased the oil products supply to many China's provinces, including Sichuan, Inner Mongolia, Guangxi, Shandong and Shanxi.
Sinopec has reduced export of petroleum products to the overseas market to satisfy the demand of the domestic market, said Huang.
