CNOOC ships diesel cargo to Aus­tralia

China Daily (Canada) - - BUSINESS -

China Na­tional Off­shore Oil Cor­po­ra­tion has ex­ported 35,000 met­ric tons of diesel, which is up to Aus­tralian spec­i­fi­ca­tions for the fuel, the first ship­ment of its kind, a state­ment by the State as­sets reg­u­la­tor showed onWed­nes­day. The cargo left CNOOC’s Huizhou re­fin­ery, in south­ern Guang­dong prov­ince, on June 17 in a move “to seize the in­ter­na­tional high-end mar­ket of re­fined oil prod­ucts”, ac­cord­ing to the state­ment. The cargo meet­ing Aus­tralian spec­i­fi­ca­tions is the lat­est of Chi­nese ex­ports to hit the mar­ket. China’s diesel ex­ports rose more than four­fold in May from a year ear­lier to a record 1.48 mil­lion tons, cus­toms data showed, re­flect­ing a slow­down in China’s heavy in­dus­try, which typ­i­cally uses diesel and con­tin­u­ing growth in through­put at in­de­pen­dent refineries.

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