{"id":385589,"date":"2020-11-23T08:39:54","date_gmt":"2020-11-23T03:09:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=385589"},"modified":"2020-11-23T09:25:13","modified_gmt":"2020-11-23T03:55:13","slug":"china-all-set-to-eclipse-us-as-worlds-biggest-oil-refiner-by-2021-iea","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/china-all-set-to-eclipse-us-as-worlds-biggest-oil-refiner-by-2021-iea\/","title":{"rendered":"China all set to eclipse US as world&#8217;s biggest oil refiner by 2021: IEA"},"content":{"rendered":"<p>Earlier this month, Royal Dutch Shell pulled the plug on its Convent refinery in Louisiana. Unlike many oil refineries shut in recent years, Convent was far from obsolete: it\u2019s fairly big by US standards and sophisticated enough to turn a wide range of crude oils into high-value fuels. Yet Shell, the world\u2019s third-biggest oil major, wanted to radically reduce refining capacity and couldn\u2019t find a buyer. <\/p>\n<p>As Convent\u2019s 700 workers found out they were out of a job, their counterparts on the other side of Pacific were firing up a new unit at Rongsheng Petrochemical\u2019s giant Zhejiang complex in northeast China. It\u2019s just one of at least four projects underway in the country, totaling 1.2 million barrels a day of crude-processing capacity, equivalent to the UK\u2019s entire fleet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Earlier this month, Royal Dutch Shell pulled the plug on its Convent refinery in Louisiana. Unlike many oil refineries shut in recent years, Convent was far from obsolete: it\u2019s fairly big by US standards and sophisticated enough to turn a wide range of crude oils into high-value fuels. Yet Shell, the world\u2019s third-biggest oil major, wanted to radically reduce refining capacity and couldn\u2019t find a buyer. As Convent\u2019s 700 workers found out they were out of a job, their counterparts on the other side of Pacific were firing up a new unit at Rongsheng Petrochemical\u2019s giant Zhejiang complex in northeast [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-385589","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=385589"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385589\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=385589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=385589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=385589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}