China’s Biggest Oil Producer Slashes Exports to Ease Domestic Short Supply

People’s Daily Online – China National Petroleum Corporation (CNPC), the nation’s biggest oil producer, has cut its exports by 62 percent so as to help ease domestic short supply.

CNPC’s domestic supply has been increased by 9.2 percent, said the statement.

Currently, the output capacity of CNPC’s refineries has reached 99 percent, the highest level in history, it read.
People’s Daily Online