On February 25, 19,900 tons of crude oil completed the import customs clearance formalities from the Qingdao Dongjiakou Port crude oil bonded warehouse, and was exported to Shandong local oil refineries for further processing and production. This is the first time that the bonded blending and blending of crude oil out of the warehouse has passed customs clearance, marking the implementation of the entire process of blended blending and blending of bonded crude oil.
Shandong Province, as the world's third largest refining center, gathers more than 40 refining and petrochemical industries, with a total refining capacity of 165 million tons, and its production capacity accounts for more than 60% of the total production capacity of national refining enterprises. In 2019, China imported about 506 million tons of crude oil, ranking first in the world. Among them, Shandong Port imports 165 million tons, accounting for 32.5% of the country ’s crude oil imports, ranking first in the country, and accounting for 7% of global trade.
Source:Shaohua Ge,Vice President of Qingdao Shipping Financial Leasing
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