Economy

Markets

Industries

Insights

Reports

Events

China takes strict line on new refinery approvals

(Agencies)
Updated: 2009-03-09 15:58

Related readings:  China to consolidate refining sector: energy chief  CNOOC refinery to start operation later this month  China plans oil refinery in Tianjin with Russia

China will strictly control approval of new refining and ethylene projects to prevent overcapacity in the sector, Industry and Information Technology Minister Li Yizhong said on Monday.

China's demand for refined products has slowed in recent months.